Beanstalk, an indoor vertical farming start-up, will invest more than $2 million to expand production and relocate within Fairfax County, Virginia. The company plans to create 29 new jobs.
The company’s new facility will produce a variety of pesticide-free leafy greens and specialty herbs year-round using proprietary hydroponic growing technology, achieving annual sales of over $5 million in the next three years. Beanstalk sells its fresh salad mixes and fresh-cut herbs through national grocery retailers, Northern Virginia farmers markets, and in its on-site retail store.
“Virginia takes great pride in being a leader in agriculture and technology, and we are thrilled to see Beanstalk growing in the Commonwealth,” said Secretary of Commerce and Trade Brian Ball. “The company will benefit from Fairfax’s County robust tech workforce and the Virginia Jobs Investment Program, which helps ensure businesses have the talent they need to succeed.”
The Virginia Department of Agriculture and Consumer Services (VDACS) and Virginia Economic Development Partnership (VEDP) worked with Fairfax County and the Fairfax County Economic Development Authority (FCEDA) to secure this project for the Commonwealth. Governor Northam approved a $100,000 grant from the Governor’s Agriculture and Forestry Industries Development Fund, which Fairfax County will match with local funds. Funding and services to support the company’s job creation will be provided through VEDP’s Virginia Jobs Investment Program.
“Virginia is a leader in the movement toward sustainable, indoor growing thanks to companies like Beanstalk who keep the Commonwealth on the forefront of emerging agriculture advancements,” said Secretary of Agriculture and Forestry Bettina Ring. “I am thrilled the Commonwealth could partner with Fairfax County through the AFID program to support this expansion and grateful for business owners like Mike and Jack Ross who are committed to agri-technology innovation and providing Virginians with fresh, local produce.”
Beanstalk is a sustainable farming company that focuses on agricultural innovations with a mission to grow the world’s consumption of fresh produce.
“As a hub for innovation of all kinds, Fairfax County is an ideal location for Beanstalk’s innovative indoor farm facility,” said Victor Hoskins, President and CEO of the Fairfax County Economic Development Authority. “By utilizing its hydroponic growing technology in a larger space, Beanstalk will be able to produce even more pesticide-free greens year-round. The FCEDA congratulates the company on its expansion plans in Fairfax County.”