Trending...
- SacraPod Suites Unveils AI-Powered 'Work + Rest' Smart Hospitality Model for Retrofitting Underused Motels Across the U.S
- From Real Estate to Reel Power: H.L Woods Carves His Legacy as a Cutting-Edge Visionary Filmmaker
- Veterans for America First's Vet Force community outreach is expanding said David Draper VFAF
A new wholly owned subsidiary of Little Leaf Farms, LLC, an innovative producer of fresh lettuce, will build a state-of-the-art greenhouse complex in Yancey County, creating up to 100 jobs, Governor Roy Cooper announced today. The company will invest up to $86 million in Burnsville in a multi-phased planned expansion.
"North Carolina is known for innovation and agriculture. Projects like Little Leaf's new greenhouse mean a better product and more sustainable practices to grow crops and jobs in Yancey County," said Governor Cooper.
Little Leaf Farms, with headquarters in Devens, Massachusetts, is disrupting the traditional West Coast-dominated lettuce industry by producing and delivering high-quality leafy greens for local grocery markets at competitive prices. The company has incorporated many innovative features into its high-tech hydroponic greenhouses, including using 100 percent captured rainwater and utilizing advanced fertilization and irrigation systems that use 90 percent less water than field-grown greens. The company's project in Yancey County will construct up to 20 acres of greenhouses, allowing it to expand its product reach into more East Coast markets. The company currently sells its products in more than 2,000 grocery stores in the northeastern United States.
"Little Leaf Farms is excited to be coming to North Carolina and Yancey County in particular," said Paul Sellew, CEO of Little Leaf Farms. "We are proud to be both leading the transformation of our food system to higher quality and locally grown products and contributing to the local economy."
More on ncarol.com
"Although agriculture and food production are a traditional industry in North Carolina, the level of innovation we're seeing in this sector is impressive," said North Carolina Commerce Secretary Anthony M. Copeland. "From our business-friendly economic climate to our efficient transportation networks and strong workforce, we're confident Little Leaf Farms has selected the best place in the country for the next phase of their growth."
The North Carolina Department of Commerce led the state's support for the company during its site evaluation and decision-making process.
Although wages will vary depending on the position, the average salary for the new jobs will reach $53,700. The average wage in Yancey County is $32,490.
Little Leaf Farm's project in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state's Economic Investment Committee earlier today. Over the course of the 12-year term of this grant, the project is estimated to grow the state's economy by $636 million. Using a formula that takes into account the new tax revenues generated by the new jobs, the JDIG agreement authorizes the potential reimbursement to the company of up to $1,366,200 spread over 12 years. State payments only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant's reimbursement payments to a given company.
More on ncarol.com
Because Little Leaf Farms selected Yancey County, classified by the state's economic tier system as Tier 2, the company's JDIG agreement also calls for moving as much as $151,800 into the state's Industrial Development Fund – Utility Account. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. Even when new jobs are created in a Tier 2 county such as Yancey, the new tax revenue generated through JDIG grants helps more economically challenged communities elsewhere in the state. More information on the state's economic tier designations is available here.
"Today's decision by Little Leaf Farms means hard-working people in our community will find new opportunity," said N.C. Senator Ralph Hise. "It's great to see these new jobs come to Yancey County as well as the overall prosperity this company will bring to our region."
Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina on this project were the North Carolina General Assembly, the North Carolina Department of Agriculture, the North Carolina Community College System, North Carolina State University, the University of North Carolina at Asheville, Yancey County, and the Yancey County Economic Development Commission.
"North Carolina is known for innovation and agriculture. Projects like Little Leaf's new greenhouse mean a better product and more sustainable practices to grow crops and jobs in Yancey County," said Governor Cooper.
Little Leaf Farms, with headquarters in Devens, Massachusetts, is disrupting the traditional West Coast-dominated lettuce industry by producing and delivering high-quality leafy greens for local grocery markets at competitive prices. The company has incorporated many innovative features into its high-tech hydroponic greenhouses, including using 100 percent captured rainwater and utilizing advanced fertilization and irrigation systems that use 90 percent less water than field-grown greens. The company's project in Yancey County will construct up to 20 acres of greenhouses, allowing it to expand its product reach into more East Coast markets. The company currently sells its products in more than 2,000 grocery stores in the northeastern United States.
"Little Leaf Farms is excited to be coming to North Carolina and Yancey County in particular," said Paul Sellew, CEO of Little Leaf Farms. "We are proud to be both leading the transformation of our food system to higher quality and locally grown products and contributing to the local economy."
More on ncarol.com
- Josh and Heidi Follow Up the Much Anticipated and Successful Launch of the "Spreading the Good BUZZ" Podcast with a Personal Request
- Revolutionary Blockchain Platform Okh Finance Announces Okh Finance(OKKH) Token Launch to Transform Global Asset Leasing Market
- Cover Girl Finalist Teisha Mechetti Questions Legitimacy of Inked Originals Competition, Demands Transparency
- Easton & Easton, LLP Files Suit Against The Dwelling Place Anaheim & Vineyard USA Over Abuse Allegations
- AI Visibility: The Key to Beating Google's AI Overviews and Regaining Traffic
"Although agriculture and food production are a traditional industry in North Carolina, the level of innovation we're seeing in this sector is impressive," said North Carolina Commerce Secretary Anthony M. Copeland. "From our business-friendly economic climate to our efficient transportation networks and strong workforce, we're confident Little Leaf Farms has selected the best place in the country for the next phase of their growth."
The North Carolina Department of Commerce led the state's support for the company during its site evaluation and decision-making process.
Although wages will vary depending on the position, the average salary for the new jobs will reach $53,700. The average wage in Yancey County is $32,490.
Little Leaf Farm's project in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state's Economic Investment Committee earlier today. Over the course of the 12-year term of this grant, the project is estimated to grow the state's economy by $636 million. Using a formula that takes into account the new tax revenues generated by the new jobs, the JDIG agreement authorizes the potential reimbursement to the company of up to $1,366,200 spread over 12 years. State payments only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant's reimbursement payments to a given company.
More on ncarol.com
- Stuck Doing Math or Figuring Out Life's Numbers? Calculator.now Makes It Stupidly Simple
- Colbert Packaging Announces WBENC Recognition
- DivX Empowers Media Enthusiasts with Free Expert Guides for Advanced MP4 Management
- Hilton Charlotte Uptown Hosts First-Ever Premium Tailgate Experience
- Assent Expands Executive Team to Accelerate Global Growth & Innovation
Because Little Leaf Farms selected Yancey County, classified by the state's economic tier system as Tier 2, the company's JDIG agreement also calls for moving as much as $151,800 into the state's Industrial Development Fund – Utility Account. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. Even when new jobs are created in a Tier 2 county such as Yancey, the new tax revenue generated through JDIG grants helps more economically challenged communities elsewhere in the state. More information on the state's economic tier designations is available here.
"Today's decision by Little Leaf Farms means hard-working people in our community will find new opportunity," said N.C. Senator Ralph Hise. "It's great to see these new jobs come to Yancey County as well as the overall prosperity this company will bring to our region."
Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina on this project were the North Carolina General Assembly, the North Carolina Department of Agriculture, the North Carolina Community College System, North Carolina State University, the University of North Carolina at Asheville, Yancey County, and the Yancey County Economic Development Commission.
0 Comments
Latest on ncarol.com
- Heritage at South Brunswick Offers Immediate Townhome Appointments and Special Mortgage Incentive Fast-Moving Sales
- NASA Collaborative Agreement for Supply of Thin-Film Solar Tech for Orbital Application to Advance Development of Thin-Film PV Power Beaming: $ASTI
- Exciting New Era of Sports, Entertainment & Gaming Innovation Spotlighted by Rebrand of Expanding AI Driven, Online Fan Engagement Company: SEGG Media
- Service Ninjas Debuts First-of-Its-Kind "Membership" Platform for Home Service Pros
- Duke Energy to announce second-quarter financial results on Aug. 5
- BIYA Forecasts 2025 Surge with ¥300M ($41.8 M USD) in Revenue and ¥25M Profit from Cloud Based HR Solutions: Baiya Intl. Group (N A S D A Q: BIYA)
- Paul E. Saperstein Co. Announces Geographic Expansion of Auction Services
- Florida Broker Bent Danholm Featured in the Daily Mail's U.S. Real Estate Coverage
- Robin Launches Legal Intelligence Platform to solve intelligence gap in Fortune 500 legal teams
- Melissa B. Releases Digitally Independent: Empowering Music Artists with AI and Brand Strategy
- Consumer Accountability Alliance Issues Formal Notice Alleging Proximate Liability for Medical Harm
- Utah Metal Fabricator Titan Forge Builds Momentum with Custom Steel Projects and Spiral Staircases
- Jason Koch: Pioneering the Future of Real Estate Development in New Jersey
- Magical Creatures Hit the Hallways in Captain Cougar Goes to School
- Bach and Beyond: Cellists Return to the Beach for 2nd Annual Bethany Beach Cellofest
- Hinuera Properties and The Sage Plant Announce Modern Townhome Project in the Piedmont Triad
- The Sage Plant Drives PropTech in the Piedmont Triad
- NR7 Miner launches zero-cost USDT cloud mining service: daily stable income + referral rewards for double profit
- Deaths Spur Closures, but Troubled Teen Camps Must Be Banned, CCHR Warns
- Palmer Lake Wine Festival To Build Bridges in Small Mountain Community, Highlight Local Businesses