Christmas day came early for two New York companies. Last week, they received funding from the Regional Economic Development Councils. One is for a $70 million greenhouse project, the other one is a vertical farm project.
In total over $763 million was granted towards various projects, aiming to jumpstart the economy and create jobs.
Empire State Greenhouses will receive $5 million from Empire State Development to construct a new $70 million greenhouse complex in Cobleskill to grow organic vegetables year-round.
In total this projects is 300,000 square feet of greenhouse facilities, planned in three phases.
Also Acadia Energy will receive $415,000 from Empire State Development for its $4.1 million indoor vertical farm that will reuse waste heat and carbon dioxide from the Paddy Hill Energy Complex to grow hydroponic, organic produce.
The Rochester microgrid developer plans to build an up to $33 million indoor hydroponic farm and energy complex in a former paper mill on the Black River.