New Markets Tax Credit Coalition

  • Newark,
  • NJ
  • (2018)

Aerofarms – VEGS1

District: Rob Menendez (D-NJ08)

Investment

  • NMTC Amount: $10,585,174
  • Total Project Cost: $16,483,442

IMPACT

  • 107 FTE jobs
  • 48 construction jobs

CDEs

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Investor

Project Description

Improvement of a light industrial building and its temperature control systems to improve the operations of aeroponic vertical farming company; Industrial facility anchored by fresh food grower and distributor.

External Profile

MAP

Address: 212 Rome Street, Newark, NJ 7105

Census Tract: 34013007400

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