York Cold Storage recently completed a $5.5 million expansion project, which will create a dozen new jobs. Partial financing for the project was made possible by a performance-based loan generated in collaboration between state/local officials and economic developers.
Great West Pet Food Holding, Inc., doing business as York Cold Storage, sources fresh meat and poultry ingredients before freezing them in mass quantities for storage, sale and distribution to pet food manufacturers nationwide. The company’s latest expansion — its third since 2008 — will see it install more powerful freezer equipment to greatly increase the amount that can be frozen and kept at one time. The firm has been in business in York since 1999.
To partially finance the cost of the project, Great West worked with local officials and economic developers to obtain a performance-based loan through the federal Community Development Block Grant (CDBG) program.
The CDBG program provides funding that can help communities in Nebraska tackle a wide array of objectives — from housing rehabilitation, to tourism development, to water-wastewater improvements and everything in-between. CDBG is administered by the Nebraska Department of Economic Development (DED) in the state’s non-entitlement areas.
“We love doing business in Nebraska,” said Douglas Haycock, managing director at Great West. “It really is such an incredibly welcoming environment for business.”