LEBANON — If you don't mind working in sub-zero cold year-round, a new facility planned in Boone County may have a job for you.
NewCold, a Netherlands-based company specializing in temperature-controlled warehousing and distribution, announced plans Friday to expand its operations to Indiana. A cold storage facility employing 202 people will open in Lebanon in 2022.
"Indiana's reputation as a destination for growth-minded global companies like NewCold continues to grow," Governor Eric Holcomb said. “We were pleased to share Indiana's story with NewCold executives at the SelectUSA Investment Summit last year, and we're excited to welcome them to the Hoosier state today as the company commits to establishing a state-of-the-art cold storage facility in Lebanon, creating hundreds of career opportunities for Hoosiers."
NewCold has nine facilities across North America, Europe and Australia. It will invest $150 million to establish a 380,000-square-foot operation at the Lebanon Business Park. The new building, which will serve as one of the largest cold storage facilities in the U.S., will be equipped with automated storage and retrieval systems to transfer and store products for its customers in sub-zero conditions.
One of those customers will be Conagra Brands, one of the world’s largest food processors, which will serve as NewCold’s long-term client at its Lebanon facility.
The company will begin hiring immediately for project developers and will fill positions in warehouse management and operations, business development and administration starting in July of next year. Interested applicants may view open positions and apply at newcold.com/careers [iedc.us3.list-manage.com].
The Indiana Economic Development Corporation offered NewCold up to $2.828 million in conditional tax credits based on its job creation plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. The city of Lebanon is considering a $9.8 million bond issuance at the request of the Boone County Economic Development Corporation.
“NewCold’s facility and jobs creation will greatly increase the quality of life for our residents,” said Lebanon Mayor Matt Gentry. “We are hopeful that this newest addition to our city will continue to highlight the vast opportunity Lebanon and Boone County has to offer.”