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Local Bounti Has Groundbreaking In Mt Pleasant

Local Bounti had groundbreaking ceremonies in Mount Pleasant for a new agri-tech facility that will grow jobs across Titus County. In addition, local Bounti strives to deliver your neighborhood’s freshest, locally-grown produce. They sustainably grow fresh greens and herbs 365 days a year in their greenhouses.

HAMILTON, Montana, January 4, 2023 – Local Bounti Corporation (NYSE: LOCL, LOCL WS), a publicly-traded, leading, U.S. controlled environment agriculture (CEA) company committed to growing local and distributing nationally with the most extensive distribution footprint in the industry, today announced construction on a new state-of-the-art indoor facility in Mount Pleasant.

Following the groundbreaking ceremony, Local Bounti will begin constructing a six-acre, Phase 1 facility, leveraging the Company’s proprietary Stack & Flow Technology™ to grow and sell its indoor-grown line of packaged leafy greens. Varieties include spring mix, butter lettuce, romaine crisp, green leaf, and other blends. They expect the facility to commence operations in the fourth quarter of 2023. The facility will be on 39 acres inside Cypress Industrial Park.

“Mount Pleasant is thrilled to welcome Local Bounti to the region,” said Nathan Tafoya, Executive Director of the Mount Pleasant Economic Development Corporation. “By merging the best aspects of vertical and greenhouse growing technologies, Local Bounti adds a much desired agri-tech ingredient to Mount Pleasant’s rich history in food production. As Local Bounti’s chosen Texas location for up to 50 new jobs, $80+ million investment, and multiple planned phases surpassing an 800,000 square foot total build-out, Mount Pleasant looks forward to growing with Local Bounti for many years to come.”

They expect the addition of the new facility in northeast Texas to fortify Local Bounti’s distribution in markets across Texas, Oklahoma, Louisiana, Mississippi, Arkansas, Kansas, and Missouri. Further, they are designing the facility to provide additional capacity to meet existing demand from Local Bounti’s direct relationships with blue-chip retailers and distributors throughout the region.

“Local Bounti is excited to call Mount Pleasant home to our latest facility in a rapidly expanding national footprint. Future local operations will help us answer existing customer demand within the Lone Star State and adjacent markets,” said Craig Hurlbert, Co-Founder & Co-CEO of Local Bounti.

Read more & see pics & videos at: https://mpedc.org/…/local-bounti-corp-nyse-locl-locl…/

#economicdevelopment #econdev #mountpleasant #texas #LocalBounti