Posted May 11, 2017, 4:54 PM
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Moderator
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Join Date: Oct 2011
Location: Philadelphia
Posts: 18,365
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Two new companies for this development already?
Urban farm and mortgage firm latest in line for N.J. tax breaks to move to Camden
Quote:
Two very different New Jersey businesses -- an online mortgage broker and an urban farming operation -- are in line for sizable tax incentives from the state’s Economic Development Authority this week to locate operations in Camden.
AeroFarms did not return a request for comment Tuesday, but its website says it grows “leafy greens and herbs” in a 70,000-square-foot urban building “without sunlight, soil, or pesticides.” Nutrients are misted directly onto the plants’ roots, which are illuminated by LEDs.
The company has been operating since 2015 in Newark, where it grows watercress, bok choy, kale, arugula, red-leaf lettuce, and other baby salad greens. Its process is, according to AeroFarms, “130 times more productive than field farming.” The Newark operation current employs about 60 workers.
Created in 2002, E Mortgage leased 12,000 square feet of office space two years ago at 3 Executive Campus in Cherry Hill, and soon expanded to 17,000 square feet. Crichton said the company, which has about 100 employees, is looking to about double the office space it has now.
But Camden’s waterfront, which Holtec, New Jersey American Water, and the 76ers (for their practice facility), now or will soon call home, has already become too expensive for E Mortgage, according to Crichton. He said the company was looking instead to build along the Admiral Wilson Boulevard, near Campbell Soup and Subaru’s corporate offices.
“It’s a much better environment than it once was, and it’s really convenient,” said Crichton, who cited PATCO trains, NJ Transit, and Routes 30 and 676, which he said should make the new offices accessible for its current workforce.
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http://www.philly.com/philly/news/ne...o-Camden-.html
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