Aerofarms – VEGS1

Investment

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

IMPACT

  • 107 FTE jobs
  • 48 construction jobs

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.

MAP

Address: 212 Rome Street, Newark, NJ 7105

Census Tract: 34013007400

Other New Jersey Projects

A 130-acre former federal shipyard transformed into an environmentally sustainable business hub for innovation and economic growth.
AeroFarms, a mission-driven company, developed a 69,000 sq. ft. industrial site into the world's largest indoor vertical farm for baby leafy greens, producing up to 2 million pounds annually.
The Makerhood Campus is a combination of historic renovation and new construction meant to encourage and support entrepreneurial endeavors and micromanufacturing enterprises.
NMTC financing supported the renovation of a portion of a historic former mill building (Condominium Units A and A1), located at 1 North Johnston Avenue, Hamilton Township, Mercer County, NJ