New company will invest $107 million and create 400 new jobs in Union County
Next Wednesday, July 20, the Union County Development Board will hold a groundbreaking ceremony for Union County’s newest industry, Mycoworks. The ceremony will be held at 9 a.m. at the site of Mycoworks, at 260 Midway Drive. Refreshments will be served.
MycoWorks has committed to a $107 million investment and 400 new jobs in Union County. They are a biotechnology company that specializes in mycelium-grown materials for use as sustainable, luxury-quality leather alternatives. Mycelium is the network of threads from which mushrooms grow. The fast-growing fibers produce materials that are used for packaging, clothing, food, and construction—everything from leather alternative to plant-based steak to scaffolding for growing organs.
The company was established in 2013. Their Fine Mycelium process produces materials including Reishi, which is a globally recognized breakthrough in materials science. It mimics the performance of animal leathers and lowers environmental impacts. It offers creative solutions and new design possibilities for fashion and luxury brands while offering relief to supply chain constraints. The new facility in Union will increase the company’s capacity to meet the fashion and luxury industries’ growing demand for its materials. Operations are expected to be online in early 2023. Individuals interested in joining the MycoWorks team should email firstname.lastname@example.org.