NaturalShrimp Inc. announced its joint venture, NaturalShrimp Florida, has signed a letter of agreement with the Jefferson County, Florida Board of County Commissioners 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.