AstaReal Technologies

New Markets Tax Credit Coalition

Moses Lake,
WA
(2014)

AstaReal Technologies

Business Development, Manufacturing, Plastics and Chemicals, Rural

A new 59,000 square foot factory produces natural astaxanthin and began production July 2014, initially employing approximately 45 people.

Investment

NMTC Amount: $6,790,000
Total Project Cost: $55,513,415

IMPACT

15 FTE jobs
59,000 sq. ft. of real estate

CDEs

National Community Investment Fund

Investor

Chase

Project Description

AstaReal, Inc. (formerly known as AstaReal Technologies, Inc.) is part of the AstaReal Group which is fully owned by the Japanese pharmaceutical company Fuji Chemical Industries Co., Ltd. The AstaReal Group is the world leader in the production and research & development of natural astaxanthin.

NMTC financing supported a new facility for the company. A grand opening ceremony for its new production facility in Moses Lake, Wash., was held May 14, 2014, and attended by Washington State Governor Jay Inslee, members of the state legislature, the director of the Department of Commerce, and officials and community leaders from Grant County and the City of Moses Lake. Approximately 200 people, comprised of civic and business leaders from the local community, as well as guests from abroad, attended the ceremony. The new 59,000 sq. ft. factory will produce natural astaxanthin and began production July 2014, initially employing approximately 45 people.

MAP

Address: 7761 Randolph Road Northeast, Moses Lake, WA 98837

Census Tract: 53025010800

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