Aerofarms/Makers Village (2015)

Newark, NJ

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NMTC Amount: $20,365,000

Total Project Cost: $20,365,000

COMMUNITY IMPACT

Industrial facility anchored by fresh food grower and distributor: ;AeroFarms, a mission-driven company, developed a 69,000 square-foot industrial site into the world’s largest indoor vertical farm for baby leafy greens, producing up to 2 million pounds annually. AeroFarms has a patented aeroponic process that produces greens all year long, without pesticides, sun, soil or washing, setting a new standard for culinary freshness and flavor. The produce is packaged on site and sold locally to retail and food service. NMTC financing anchored the overall $30 million project that created 69 new permanent, quality full-time jobs in an area with an unemployment rate of 12.8% that is 1.6 times the national average. AeroFarms was a key initial anchor for RBH’s broader development called “Makers Village’ that was home to other artisan, specialty food manufacturers.

Project Map

Other Manufacturing Projects

2017
New construction of mixed-use building offering flex office, R&D and high-bay light-industrial maker space. Phase 1 included 95,000 sq. ft. of flex-office space with…
2010
Advantage Capital provided nearly $2 million in NMTC financing to support East Coast Aluminum Products, Inc, an aluminum supplier and wholesaler located in Fort…