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.
Click here to read the complete story.
Story excerpt provided by Cincy Inno.
Written by Liz Engel.
Originally published January 27, 2022.
Leave a Reply