Mayor Don Wesely announced today that he has approved Universal Cold Storage Company for a $250,000 City job creation loan that will allow the company to add 30 jobs and expand its operations to the vacant Nash-Finch facility.
"The expansion of Universal Cold Storage is good for the company and good for the City," said Mayor Wesely. "The City does all it can to help Lincoln-based companies add jobs and grow. We are pleased the Nash-Finch property will be active once again."
Universal Cold Storage has been in operation for one year, providing storage for meat and cheese products at 215 South 7th Street. The Nash-Finch property on Kingbird Road in northwest Lincoln has 226,000 square feet and has been idle since 1997. Universal's purchase of the building will allow the company to provide dry and cold storage. The company currently has 15 full-time equivalent positions. The 30 new jobs will include administrative and professional positions, warehouse workers and fork-lift operators.
The City worked with Lincoln Electric System (LES), the State and the Lincoln Partnership for Economic Development on the expansion of Universal Cold Storage and the purchase of the Nash-Finch property. With the expansion, LES officials say Universal Cold Storage will become one of the largest energy users in Lincoln. The City partnered with the Nebraska Department of Economic Development (DED) on the expansion. The State has approved a Customized Job Training grant of $25,000 for Universal Cold Storage.
Speaking for his partners, Richard and Gerri Urbanovsky, John Jacobson of Universal Cold Storage praised the assistance and cooperation of Darl Naumann, Economic Development Director for the City, Lancaster County and LES, and Philip Michael and Michaela Hansen from DED. Jacobson said the assistance of the Mayor's office, DED and Troy Gagner of the City's Urban Development Department were instrumental in the successful completion of the purchase.
The City loan is provided through the City's Community Development Block Grant fund and was recommended for approval by the Mayor's Economic Development Loan Committee. The committee is composed of City staff and citizens appointed by the Mayor.