Business
NaturalShrimp Partners with Jefferson County, Florida for New Shrimp Production Facility Property and to Seek $25 Million in Available Grants
NaturalShrimp Partners with Jefferson County, Florida for New Shrimp Production Facility Property and to Seek $25 Million in Available Grants.
About this update from Naturalshrimp Incorporated
[{"type":"text","content":"\n Additional Partnership Announced with the Water Quality Association to Train Florida Aquaculture Workforce DALLAS, TX , Feb. 17, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – NaturalShrimp, Inc. (OTCQB: SHMP), a Biotechnology Aquaculture Company that has developed and patented the first shrimp-focused, commercially operational RAS (Recirculating Aquaculture System), today announced its joint venture, NaturalShrimp Florida, has signed a letter of agreement with the Jefferson County, Florida Board of County Commissioners (“The County”) to lease or convey a ten acre tract of land for the development up to a 250,000 square foot inland shrimp production facility in Florida, and help to identify and pursue up to $25 million in available funding grants.  Under the terms of the agreement, the Board will lease or convey the property in the Jefferson County Industrial Park located South of Monticello, Florida. The Property is suitable for NaturalShrimp Florida’s business needs as it can potentially accommodate up to a 250,000 square foot shrimp production facility, is located on a major 4-lane State highway with convenient access to Interstate 10 and is located within the County Opportunity Zone. The County also agrees to provide grant writing services to identify and pursue all available grants to fund infrastructure, improvements, and equipment necessary for operation of NaturalShrimp Florida’s business, such grant amounts not to exceed, in the aggregate, $25 million dollars. The County and NaturalShrimp Florida also agreed to jointly coordinate with local high school and college workforce programs to provide training and support for prospective employees of NaturalShrimp Florida operations. “After extensive due diligence, the site in Jefferson County, Florida is an ideal location for our next shrimp facility, and we are privileged to be working with the County to advance our development plans,” said Gerald Easterling, CEO of NaturalShrimp. “This site will allow us to build a highly scalable, capital efficient new facility to meet increasing long-term growth targets. The new facility will enable us to effectively scale up production output predicated upon growth in demand for NaturalShrimp within the large Florida market. We look forward to working closely with the County in seeking ...