Laredo Council signs incentive agreement for $18 mln cold storage facility

The Laredo City Council has entered into an economic development incentive agreement with a California-based international fresh produce grower, packer, shipper and marketer, intent on securing their commitment to construct a 100,000 ft2 cold storage, manufacturing and distribution facility. The California company will invest approximately $17.9 million during the construction phase of the new facility.

Teclo Garcia is the city’s economic development director. He said that Laredo was in competition with the city of Mcallen, which already has an operation with the same company. The company made its first site visit to Laredo in December 2020. The facility, once in operation, will create at least 140 full-time jobs with wages starting at $15/hour, standard benefits, and a paid internship program.

The cold storage plant will be located in north Laredo off Mines Road on a 6.6-acre tract at the Pinnacle Industry Center. West Pak Avocado Inc., the owner-developer, have five distribution centers in the United States and Mexico and sources its avocados from 1,000 growers in the U.S., Mexico, Peru and Chile.

Source: virtualbx.com

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