#Colorado approves incentives for hemp bioplastics, vertical-farm equipment firms in Northern Colorado — The #Greeley Tribune

Click the link to read the article on The Greeley Tribune website (Lucas High). Here’s an excerpt:

Two firms — one a Colorado-based hemp bioplastics company and the other a vertical-farming equipment manufacturer from the United Kingdom — were unanimously approved Thursday by the Colorado Economic Development Commission for state incentive packages aimed at enticing them to expand into Northern Colorado.

Project Dunia, an otherwise unnamed company described in commission documents as a “Colorado-based manufacturing company that produces hemp-based bioplastics that are designed for injection molding applications and are compostable,” is eyeing Weld County for a $20 million manufacturing facility.

It is the commission’s practice not to identify companies that the Colorado Office of Economic Development and International Trade is recruiting until incentives are accepted.

Next door in Larimer County, U.K.-based Intelligent Growth Solutions, a company that makes equipment for indoor farming operations, won approval for $2,758,845 in tax credits over eight years to build a North American base of operations that will serve customers in the United States and Canada.

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