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The group gathered for the tax abatement announcement for U.S. Cold Storage pose for a picture. From left to right they are: Timothy Franciscus-Timm, U.S. Cold Storage area manager for Dallas/Laredo; Council Member George Altgelt, District VII; Mayor Pete Saenz; George Cruz, U.S. Cold Storage senior vice president, Southern Region; David Harlan, U.S. Cold Storage president; Council Member Alberto Torres, Jr., District IV; City Manager Jesus Olivares; Luis Guardiola, U.S. Cold Storage area vice president.

LAREDO, Texas – U.S. Cold Storage has announced it will expand its installations in Laredo this year and create up to 50 new jobs.

The company, a subsidiary of Swire, invested $5.7 million to acquire 30 acres of land. Construction costs will be $25.2 million. Personal property costs will be $3.5 million.

The new warehouse will be located off FM 1472 at Vidal Cantu Road.

Because of this investment, the City of Laredo City Council awarded the company a tax abatement at 100 percent over the course of five years.

“We must incentivize to compete with other border markets, all so that our families may enjoy a better quality of life,” said Laredo Mayor Pete Saenz. “It has been our practice and policy to make available tax abatements for companies that build new facilities and that is exactly what U.S. Cold Storage plans to do.”

U.S. Cold Storage made a commitment to create 30 new jobs upon opening the new five million cubic foot refrigerated storage and distribution service facility.

“We looked at other cities in Texas, in particular McAllen, and we found that the best option for us was Laredo, for various reasons,” George Cruz, regional senior vice president of U.S. Cold Storage, said. “The tax abatement was one of the compelling factors in our decision to invest and expand in Laredo.”

Council member George Algelt said the investment decision is great news for Laredo.

“I know that this deal came to fruition after a number of conversations from one of several produce-related trade shows that the City of Laredo invests in to promote the port,” Altgelt said.

“This is money well spent when we have a reinvestment like the one we are highlighting today.”

According to a press release from City of Laredo, the new refrigerated storage and distribution service center “will have space for 15,000 pallet positions and U.S. Cold Storage immediately commits to creating 30 new jobs, and within five years will add another 20 jobs, with a total of 50 new jobs in five years.”

Editor’s Note: Photos courtesy of the City of Laredo