Glacier Transit and Storage is investing $6 million to expand its refrigerated space in Plymouth, Wisconsin, to accommodate growing storage demands from cheese manufacturers and the food industry.
For the last two years, Glacier Transit and Storage, Inc. has been operating near capacity and is now expanding to accommodate additional business and the potential for convenient and more efficient rail service for its customers, Wisconsin Economic Development officials said. The first phase of the project is the construction of an 87,020 square foot refrigerated food warehouse building.
As an incentive, Wisconsin Economic Development Corporation said the company is eligible for up to $70,000 in tax credits. The tax credits from WEDC will be distributed annually in direct relation to the number of jobs retained over a three-year period, based on the number of new, full-time positions created.
In addition, Plymouth Industrial Development Corporation sold land for the expansion project in the City of Plymouth Industrial District. The USDA’s Rural Development Administration and city of Plymouth Utilities will finance a portion of the building construction costs. Community Bank & Trust will utilize Small Business Administration financing to cover more than $5 million in construction costs and all equipment.
“As part of our role in fostering economic development collaboration, we’re pleased to help leverage local and federal resources to help Glacier Storage and Transit, Inc. expand its offering of refrigerated warehouse space to capture new business opportunities and provide improved transportation service to its customers,” said Reed Hall, interim secretary and CEO of WEDC.