The company said it plans to add 30 employees by 2021 as part of the project. The average wage will be close to $17 per hour, but that does not include benefits. U.S. Cold Storage already has 73 full-time employees in Lebanon.
The Lebanon City Council unanimously approved real and personal property tax abatements for the company Monday night. The four-year personal property abatement is expected to save U.S. Cold Storage a total of $320,000, and the five-year real property abatement should save the company slightly more than $1 million.
The Boone County city expects to collect about $2.6 million in taxes from U.S. Cold Storage over the next 10 years.
U.S. Cold Storage has 38 facilities in 13 states with a total of 2,500 employees. The Lebanon location, which opened in 2008, is its only one in the state.