Urban Farm and Mortgage Firm Latest in Line for N.J. Tax Breaks

Posted on May 19 2017 - 4:30am by UOG

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“Two very different New Jersey businesses — an online mortgage broker and an urban farming operation — are in line for sizable tax incentives from the state’s Economic Development Authority this week to locate operations in Camden.

E Mortgage Management LLC of Cherry Hill is awaiting word on a Grow New Jersey Assistance Program Grant that would award it $23.6 million in tax incentives over 10 years if it relocates and builds in Camden.

AeroFarms Camden LLC is seeking a similar grant of $11.14 million over 10 years to build an indoor hydroponic farm in Camden modeled on its operation in Newark, which its website calls the ‘world’s largest vertical farm’.”

Find the original article at: “Philly.com