South Bend council OKs JEM Farms, Greenleaf Holdco hydroponic farms

SOUTH BEND — The South Bend Popular Council gave the inexperienced light Monday evening to two tax abatement proposals that could make the town a chief in the hydroponic develop marketplace over the future couple many years. 

JEM Farms of South Bend and Greenleaf Holdco are each individual setting up significant hydroponic growing services on the southwest facet of the town in the vicinity of the South Bend Ethanol Plant. Both will get 100% abatement from own property taxes for 5 a long time and 100% abatement from true estate taxes for five years, with that charge subsiding and finally disappearing immediately after the ninth calendar year. 

Council customers took turns applauding the assignments, contacting them a person of the most significant opportunity investments in the metropolis in several decades and just one that puts South Bend at the forefront of an impressive and quickly growing market. 

Joe McGuire walks inside the Pure Green Farms indoor hydroponic field on Tuesday, Jan. 25, 2022, in South Bend.

“It can be creating a new field, new work opportunities, $240 million in new expense,” claimed Councilwoman Sheila Niezgodski, D-6. “It’s pretty much a at the time-in-a-lifetime opportunity.”

Extra:Proposals could give South Bend 1 of the most significant indoor farming campuses in the Midwest

JEM Farms proposes to invest about $60 million creating greenhouses and $118 million on tools required to improve strawberries and tomatoes. When all of its projects are done, the corporation said it would hire about 110 folks with an common shell out of $29 an hour. 

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