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Area Development - Site Selection, Facility Planning and Workforce Development

FreezPak Logistics Plans Suffolk, Virginia, Cold Storage Operations

03/15/2024
FreezPak Logistics, a provider of full-service cold and dry storage services, plans to establish operations in Suffolk, Virginia. The $77.5 million project is expected cot create 80 jobs.

The investment will include the construction of a new 245,000-square-foot cold storage facility that will service the mid-Atlantic region via The Port of Virginia.

“We sincerely appreciate Governor Youngkin and his office's support in securing incentives, a crucial factor in launching our project successfully,” said Dave Saoud, co-founder and CEO of FreezPak Logistics. “His instrumental role in our decision to choose the state of Virginia and The Port of Virginia has been invaluable. We continue to expand our national footprint as a 100% family-owned business.”

Governor Youngkin approved a $175,000 grant from the Commonwealth’s Opportunity Fund to assist the City of Suffolk with the project. The company is eligible to receive state benefits from the Major Business Facility Job Tax Credit for new, full-time jobs created, as well as benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.

“FreezPak’s decision to locate in the Commonwealth is a recognition of Virginia’s strategic location, world-class infrastructure, and the immediate access The Port of Virginia provides the company to reach its core customers,” noted Secretary of Commerce and Trade Caren Merrick. “We look forward to FreezPak’s growth and success in the City of Suffolk.”

The Virginia Economic Development Partnership (VEDP) worked with the City of Suffolk and the Hampton Roads Alliance to secure the project.

"The Hampton Roads Alliance was thrilled to work alongside our partners at the City of Suffolk and the Virginia Economic Development Partnership to secure this project for Hampton Roads,” added Doug Smith, President and CEO of the Hampton Roads Alliance. “FreezPak Logistics will be a fantastic addition to both our food and beverage processing, and distribution clusters, and we look forward to working with them as they continue to grow.”

FreezPak Logistics offers frozen, cooler, and dry storage combined with industry-leading third-party logistics services to ensure the availability of the nation’s food supply.

“FreezPak is a national player with a long track record of success in the cold storage arena and having them here will be a welcome asset to the port community,” said Stephen A. Edwards, CEO and executive director of the Virginia Port Authority. “Development of nearly a quarter of a million square feet of cold storage capacity in our market is important for a couple of reasons. It will help The Port of Virginia expand its cold and refrigerated cargo business and it is another signal to the industry that there is real value in developing in and around this port, which is America’s most modern gateway. We are looking forward to working with both companies to ensure success.”

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