Four Season Farm LLC, a newly formed startup, will develop 10 acres of land in Suffield as a hydroponic farm, where the company plans to create 40 new jobs over the next two years.
The state Department of Economic and Community Development is providing $3 million in financing support for the purchase of machinery and equipment for the farm.
Partners in the venture are Joe Geremia, who runs seven acres of greenhouses in Wallingford, Henry Froese, a pioneer and expert in the building of greenhouse operations, and Herbert Soroca, CEO of North Cove Capital Advisors in Stamford, which provides financial, management and strategic advice to emerging growth companies.
Hydroponic farming is an eco-friendly process in which water is recycled, soil is undisturbed, CO2 is consumed, and renewable approaches are used in cultivation.
Four Season Farm has a five-year plan that includes a 10-acre facility that will produce 5.75 million pounds of tomatoes the first year and 7.5 million pounds by the third year.
