Newark, NJ (2015)
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.
Timber and Agriculture