80 Acres lands incentives for supersized $74M farm in NKY

When 80 Acres Farms landed its record-setting $160 million fundraise a few months ago in August, CEO Mike Zelkind hinted at future expansion to come.

The Hamilton-based vertical farming startup now has its newest site in mind in Boone County, a $74 million investment that will create 125 jobs in the region.

The Kentucky Economic Development Finance Authority preliminarily approved a 10-year incentive agreement worth up to $2 million for the project Thursday. Additionally, KEDFA approved up to $250,000 in tax incentives through the Kentucky Enterprise Initiative Act.

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Story excerpt provided by Cincy Inno.

Written by Liz Engel.

Originally published January 27, 2022.