|Apr 01, 2011 --
Outline Of Need:
Cloverleaf Cold Storage operates a public food cold storage warehouse in Chillicothe, Missouri, providing cold storage services both for their food processor clients as well as clients from the general public. The company needed funding for their project to expand the cold storage facility so that they could provide more storage for frozen food products such as meat and dairy, which in turn would represent additional access to a variety of food products in the surrounding area.
How Rural Development Helped:
Rural Development partnered with Farmers Electric Cooperative to provide a zero-interest, $740,000 Rural Economic Development Loan to assist Cloverleaf with financing the expansion of their cold storage facility.
The Cloverleaf Cold Storage expansion project is now complete. The newly-expanded facility has the capacity to provide cold storage for an additional quantity of food products, nearly 20 million more pounds each year. This increased capacity is very important in providing access and availability of a variety of meat, poultry, eggs, and dairy products to the Chillicothe community and surrounding area. Additionally, the cold storage facility provides support to the local agricultural producers by providing custom packing services to the meat and poultry industries, both of which are active in the area. Cloverleaf employed 78 people at the Chillicothe facility before the expansion, and the project is expected to create up to 15 new jobs within three years. These jobs are very important in Chillicothe, a community which has seen a number of lay-offs and workforce reductions involving hundreds of people over the last few years. Just as important is the support provided by Cloverleaf to the local foods industry in Chillicothe, Missouri.