AeroFarms, the company that announced in December 2019 it would bring 92 jobs to the region and invest $42 million over three years, will get a $200,000 state grant if it meets up to a performance agreement approved Monday by the Danville-Pittsylvania Regional Industrial Facility Authority.
The RIFA board unanimously passed a resolution during its meeting Monday to sign a performance agreement with the company for a $200,000 grant from the Virginia Department of Agriculture and Consumer Services.
“They have all intention of moving forward with the project in the near future,” said Pittsylvania County Economic Director Matt Rowe. “I think you will see some activity out there soon.”
The company plans to build the largest indoor growing facility to date in Cane Creek Centre, a joint industrial park owned by Danville and Pittsylvania County via the Danville-Pittsylvania Regional Industrial Facility Authority.
AeroFarms specializes in chemical-free vertical farming and announced in December 2019 that it plans to bring 92 jobs and invest about $42 million in the Dan River Region over three years.
The company must meet the jobs and investment goals before it gets the $200,000 from state’s Agriculture and Forestry Industries Development Fund, Rowe said during an interview with the Danville Register & Bee Monday afternoon.
“It’s guaranteeing to them that if they do those things, they’ll get the money,” Rowe said. “The company signed the agreement two weeks ago.”