Company Name: 80 Acres Urban Agriculture, Inc.
Industry Sector: Food & Agribusiness
Company Profile: 80 Acres Farms is focused on being the best operator in the world of indoor farming facilities that achieve the highest quality and consistency of year-round produce. Utilizing state-of-the-art proprietary technologies, including modular grow zones, customized LED lighting, precisely tuned climate controls and an artificial intelligence powered growing system, the company is able to offer customers flavorful, and nutritious locally grown fruits and vegetables at affordable prices.
Company Website: https://www.eafarms.com/
- Type of Project: Expansion
- Number of Jobs:
- Jobs committed: 125
- Jobs retained: 29
- Types of jobs: The company will add to its executive team and hire additional operations and support staff
- Capital Investment: $26,975,000
80 Acres Farms is an expanding producer of year-round, hydroponically grown fruits and vegetables. 80 Acres sought to establish a permanent North American headquarters, as well as a pilot farm and large ‘grow zone’ farming operation. The pilot farm in particular will serve as a reference design for other operations as they are established.
This facility represents a long-term investment for the company with the potential for further growth in the future.
In fact, market access and customer relationships were integral in the company’s decision to establish a permanent headquarters in Hamilton, Ohio. The new growth will result in 125 jobs and draw more than $26 million in capital investment. The company will build a pilot farm that will serve as a reference design for other indoor growing operations, including its first grow zone at the location, housing its controlled environment farming. 80 Acres will be doing this as Infinite Acres, a recently announced joint venture with UK-based online grocery retailer Ocado (which recently partnered with Kroger) and Netherlands-based Priva Holding BV.
As consumer preferences and other factors affect the industry, companies can use Ohio’s resources to turn challenge into opportunity. The state’s southwest region is the second largest hub for food flavoring in the U.S. and home to leading grocer and innovator Kroger.
The 80 Acres headquarters in Hamilton reflects the company’s continued growth, including its expansion into new markets.
“Hamilton is a rising community looking for diversified growth and is strategically located near multiple large population centers. Sustainability continues to be an essential part of our business, and Hamilton’s commitment to emissions-free, renewable energy through hydropower was also an important component in our decision to become an even bigger part of the Hamilton community.” – Mike Zelkind, co-founder and CEO, 80 Acres Farms
The city of Hamilton, Ohio Development Services Agency, REDI Cincinnati, JobsOhio