Indigo Ag in Hood Park Gets Major State Job Creation Grant

June 12, 2018
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Indigo Agriculture – headquartered in the Hood Park campus – has received a major life sciences job creation grant this week in excess of $1 million.

The Gov. Charlie Baker Administration announced $20 million in tax incentive awards to 23 life sciences companies this week, including $1.125 million to Indigo.

The awards were approved by the Board of Directors of the Massachusetts Life Sciences Center (MLSC), and will create over 1,100 new jobs across the Commonwealth in 2018. The tax incentive awards will support life sciences job growth in 18 different Massachusetts communities, the majority of which are located or expanding outside of Boston and Cambridge.

Governor Charlie Baker announced the awards in his remarks at the BIO 2018 International Convention, an annual meeting that convenes 16,000 participants representing the breadth of the life sciences and application areas including drug discovery, biomanufacturing, genomics, biofuels, nanotechnology and cell therapy.

“Our administration is committed to supporting strategic investments to create more jobs and continue to improve Massachusetts’ overall position as a global leader in the life sciences,” said Governor Charlie Baker. “We look forward to working with the Legislature, MLSC and stakeholders to pass our bill to provide up to $500 million over five years for strategic investments in public infrastructure, research and development, workforce training and education.”

Hood Park owners were excited about the investment, saying they congratulate their tenant for being selected.

“This investment by the state signals that the life sciences industry in Massachusetts is growing rapidly outside of the traditional clusters, and we congratulate our tenant Indigo on being selected for this award. The researchers and scientists at Indigo are changing the agriculture industry by bringing innovation and sustainability to feeding the planet, and we are proud that they call Hood Park home,” said Chris Kaneb, manager, Hood Park, LLC.

For the 2018 round, MLSC focused on leveraging diverse life sciences assets across the state to encourage growth more equitably throughout Massachusetts. Small and medium sized enterprises and companies located or expanding outside of Boston and Cambridge were actively encouraged to apply to the tax incentive program.

Through previous award rounds, there are 126 active or completed awards, totaling more than $116 million in tax incentives. Prior awardees have created more than 5,700 new jobs since receiving tax incentives.