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New Hampshire greenhouseproject gets $25 million federa loan

North Country Growers LLC has been awarded a $25 million loan from the U.S. Department of Agricultural Rural Development for its hydroponic greenhouse project and expects to finalize purchase of the property this week.The state’s Congressional delegation announced Tuesday that the loan had been approved for construction of two 10-acre high tech greenhouses that will produce eight million pounds of tomatoes and 15 million heads of lettuce annually. It is also expected to create 80 full-time jobs.Berlin Mayor Paul Grenier called the announcement great news for the city and region. He said the city and NCG will close this week on the 172-acre parcel off the East Milan Road the city is selling to the company for $680,000.“The sale is imminent. Everything is in place,” said Grenier.

 

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Berlin Daily Sun
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