Hempitecture Expands Magic Valley, Idaho, Operations
The facility is expected to be operational by May of 2022, bringing high-skilled jobs to the region and future investment to Southern Idaho.
"We're thrilled to be locating our first manufacturing facility in Southern Idaho, an agriculturally focused region," said Hempitecture Founder & CEO, Matthew Mead. "The Magic Valley, strategically situated along the I-84 corridor, allows us to easily reach our target markets across the Rocky Mountains, the Pacific Northwest and West Coast. We're thankful for the support of the community in making this project possible and we look forward to being an asset to the region for many years to come."
According to company officials, the proposed facility will manufacture HempWool, a sustainable, high-performing fiber insulation for residential and commercial construction projects. The plant-based insulation product captures CO2, helping build healthier and more sustainable homes. Hempitecture, holding the US patent for HempWool insulation, will be utilizing proprietary textile technology to manufacture HempWool insulation.
"Hempitecture's expansion brings high paying jobs, opportunity and innovation to the Magic Valley," said Tom Kealey, Director of Idaho Department of Commerce. "This isn't just a win for Southern Idaho, but also for the state. This project is a testament to the innovation we strive for in Idaho."
As recipients of the Idaho Global Entrepreneurial Mission grants, the University of Idaho and Hempitecture partnership was awarded a $206,624 grant to further research hemp building materials.
"We are so excited to welcome Hempitecture to the Magic Valley," said Southern Idaho Economic Development Executive Director Connie Stopher, CEcD. "The combination of sustainability, agricultural technology and innovation makes this a wonderful addition to Southern Idaho."
In addition to the announcement of the Magic Valley manufacturing facility, Hempitecture just announced an equity fundraising campaign designed to support the build out of this facility.
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