Mushroom ‘magic’ in Green Island gets $1.68 million from Albany County
Summary
Turning mushrooms into bacon and wood pellets into textile, Ecovative CEO Eben Bayer said Thursday their team works magic in the portions of two buildings they operate out of in Green Island.Thursdays historic investment is a $1 million low-interest loan from the countys Al Tech Loan Fund and a $681,000 Sustainable Technology and Green Energy (STAGE) grant. On a good day, Adam Heinze, Director of Operations, said they can process $15,000 worth of product and the bacon alone makes $1.7 million annually.No matter how skeptical McCoy first felt about their products, he said every time Ecovative takes a swing at something new, they know the company will hit a home run.I remember going, Oh, theyre pretty crazy in there, right? Alongside MyBacon, they produce leather-like textiles, construction materials and packaging from their sustainably grown and natural products.The dream was to build a new kind of manufacturing, Bayer said. Their large operational scale that continues to grow represents what they do best.I think since we started, we (have) brought $160 or $170 million into this region from around the world, Bayer said. Hell forgive Bayer for being on the wrong side of the river.Theyre going to come over here if they dont live here, and hopefully stop at our little gas stations or Stewarts, whatever store it is, shop here, spend money here, McCoy said.
Funding
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