August 25, 2014

AstaReal Technologies

Moses Lake, Washington

AstaReal Technologies

AstaReal Technologies secured financing for construction of the $18 million dollar phase one project by working with Craft3, Community Bank of the Bay and National Community Investment Fund.

AstaReal was the first company in the world to commercially produce natural astaxanthin (pronounced “asta-ZAN-thin”), a naturally-occurring carotenoid that tints algae, salmon, crab, krill and lobster with vivid reddish pigmentation. When used as a dietary supplement, astaxanthin is a powerful antioxidant with broad health implications including cardiovascular, eye and gastric heath. It relieves pain and inflammation, increases endurance and is a powerful anti-aging agent.

When AstaReal’s Sweden facility could no longer match the demand for astaxanthin, it expanded operations into the United States. AstaReal opened a manufacturing facility in Moses Lake, bringing more than 50 jobs to an area of high unemployment.

AstaReal Technologies secured financing for construction of the $18 million dollar phase one project by working with Craft3, Community Bank of the Bay and National Community Investment Fund. AstaReal Technologies, a manufacturing business in a high poverty area, leveraged $36 million in additional investment for phase one and two of the project and created 54 jobs.

Craft3 provided AstaReal Technologies with a State Small Business Credit Initiative loan and was possible with capital provided by Washington State Department of Commerce to make loans to Washington businesses unable to access traditional sources of capital. Learn more at www.AstaReal.com.