Business
Indoor Harvest Corp Set to Design-Build World’s First Publicly-Owned, Open Data, Crowdfunded, Vertical Farm Research and Education Campus
Indoor Harvest Corp Set to Design-Build World’s First Publicly-Owned, Open Data, Crowdfunded, Vertical Farm Research and Education Campus.
About this update from Indoor Harvest Corp.
[{"type":"text","content":"\n\n HOUSTON, Dec. 02, 2015 (GLOBE NEWSWIRE) -- On December 1, 2015, the City of Pasadena, Texas, unanimously voted in favor of a Chapter 380 Economic Development Agreement with Indoor Harvest for the purpose of establishing an open source, vertical farm and education campus on the City’s north side.\n Indoor Harvest Corp (OTCQB:INQD), through its brand name Indoor Harvest®, is a full service, state of the art design-build engineering firm for the indoor and vertical farming industry, providing production platforms and complete custom designed build-outs for both greenhouse and building integrated agriculture grows, tailored to the specific needs of virtually any cultivar. As a result of yesterday’s vote, the City is providing access to properties and tax incentives for this new vertical farm and education campus (called Community Located Agricultural Research Area or CLARA). Operationally, CLARA will be a scaled vertical farming operation, using the most advanced technologies, overseen by Indoor Harvest, supported by non-profit partners, with research and education, rather than commercial production, as its core focus. Chad Sykes, Chief Executive Officer of Indoor Harvest, stated, “The one common theme that seems to keep emerging in the vertical farming space is that the lack of publicly available data, experienced people and the high costs of R&D are hampering the growth of commercial vertical farming. For many that have ventured into the space, the cost of R&D can end up becoming a significant burden that strains cash flow. Many farms have and will continue to fail for this reason. The cost of R&D can be quite high and I believe CLARA can solve some of these barriers by providing usable data and experienced people for the industry. Vertical farming is still in its infancy, but with growing concerns over resources, food quality, global population and climate change, I believe demand is about to outstrip resources in the space. It will also help address a serious health concern, which is the lack of local healthy food in this part of the City and the long-term impacts of this, such as obesity, heart disease, diabetes, and several types of cancer.” CLARA is central to the work of a new, nationally-recognized City partnership in Pasadena involving the Harris County BUILD Health Partnership...