New Business Announcement – Oasthouse Ventures

Oasthouse Ventures to Open Sustainable Indoor Farming Operations in Carroll County

International low-carbon greenhouse will invest $104.8 million and initially create 118 new jobs 

February 28th, 2025

RICHMOND, VA – Governor Glenn Youngkin today announced that Oasthouse Ventures Ltd., a leading sustainable business development firm in the United Kingdom specializing in low-carbon greenhouses, will invest $104.8 million to construct its first U.S.-based controlled environment agriculture operation in Carroll County. Over the next three years, the company will produce and package over 45 million pounds of tomatoes for distribution to major retailers throughout the Northeast, Southeast, and Midwest United States. With a focus on sustainability, the company plans to source more than 31,000 tons annually of Virginia-grown hardwood residuals from local sawmills to heat its greenhouses. The project will initially create 118 new jobs with a total of 265 full and part-time positions for the project.

The project will locate in Wildwood Commerce Park, owned by the Blue Ridge Crossroads Economic Development Authority (BRCEDA).  BRCEDA is a regional industrial facilities authority representing the counties of Carroll and Grayson, along with the City of Galax. The cooperation and investment of the three localities working together, along with significant investment from the Tobacco Region Revitalization Commission and other grant funders, to get the site shovel-ready brought this project to fruition. We are thrilled to welcome Oasthouse Ventures as the first tenant of Wildwood Commerce Park.

Read the full press release from the Governor’s office.