New Markets Tax Credit Coalition

Search

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

As the signature legacy project of the NY/NJ Super Bowl Host Committee, the Avon Avenue Clubhouse underwent a complete renovation, including a new gymnasium, state-of-the-art aquatic center, dance and fitness
Financing for a much-needed childcare center in Neptune, NJ.

The Jane H. Booker Family Health Center provides a wide range of outpatient health care services to meet the needs of families, regardless of their ability to pay. Its staff

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