Bowery Farming has announced plans to open two new smart indoor farms that will serve the Atlanta, Georgia, and Dallas-Fort Worth, Texas, metro areas.
The farms will create more than 200 jobs across the Atlanta and Dallas-Fort Worth markets, and provide locally grown produce to a population of 20 million and 16 million respectively.
The company’s new state-of-the-art farms will feature technology innovations resulting in efficiency improvements to all elements of the grow environment.
The company has also announced new third-party funding, led by KKR, which will accelerate the expansion of Bowery’s network of vertical farm facilities.
Irving Fain, CEO and founder of Bowery Farming, said: “We’re thrilled to announce our expansion beyond the Northeast and Mid-Atlantic regions. KKR’s support is a testament to the proven success of our business model and a strong vote of confidence in our technology leadership and ability to address critical challenges in the current agricultural system. There is an enormous economic opportunity that comes with supporting our mission to democratise access to local, pesticide-free ‘Protected Produce’ and now we are ready to continue our growth more rapidly.”
Both farms are expected to open in the first quarter of 2023.
Bowery’s announcement follows the company’s $325 million Series C funding last year, which was led by Fidelity Management & Research Company.
© FoodBev Media Ltd 2022
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