York Cold Storage
City of York awarded $267,955 to assist with local business expansion to York Cold Storage, LLC.
The Nebraska Department of Economic Development awarded the City of York $267,955 in Community Development Block Grant (CDBG) funding to assist Great West—Teeuwissen, LLC, d/b/a York Cold Storage, LLC, with an expansion of its operations. This 2016 project created 10 full-time jobs in addition to maintaining its existing 65 full-time employees.
The City of York will contribute $87,045 in CDBG Program Income funds for a total $355,000 CDBG award. Of this amount, $5,000 went to the City to be used for administrative-related expenses. The $350,000 was conditionally granted to Southeast Nebraska Development, Inc., a non-profit development organization, which, in turn, made a loan to the company.
York Cold Storage I, LLC, is a bonded cold food storage warehousing facility that is rented out to customers and a food-processing facility in York. The company used the funding to purchase and install new equipment, and update its cold storage facility. Before the upgrade they used the orignal equipment from 1940, which used 750,000 gallons of water a day. With the new equipment that has signifcantly decreased 15,000.
“York Cold Storage has been a great corporate citizen for years, providing substantial jobs for many in the community,” said Governor Pete Ricketts. “So we are pleased to be able to provide a financial assist that allows them to move toward accomplishing their notable growth and expansion goals.”
Great West, LLC, was established in 1980 as a meat and meat by-products trading company specializing in beef for the pet food industry.
An additional $2 million loan from U.S. Bank completed the project.
Federal funds were made available to Nebraska from the U.S. Department of Housing and Urban Development's CDBG program, which assists with the development of businesses and communities throughout the state.
York, NE 68467