PermaCold Logistics, LLC secures $10 million in New Markets Tax Credit financing for the construction of a cold storage facility in Albertville, AL. This investment will enhance regional food supply chains and create 50 permanent jobs.
PRIVATEOct 02, 2026
Amount Raised
$10 Million
Round Type
Venture
AlabamaNon ProfitGovernmentCommunities
Investors
Ub Community Development
Description
PermaCold Logistics, LLC has announced a $10 million financing through New Markets Tax Credits to develop a new cold storage and refrigerated logistics facility in Albertville, AL. This facility will support food producers and distributors in Northern Alabama's agricultural sector. The project aims to strengthen the regional food supply chain and create approximately 50 permanent jobs. This investment aligns with the mission of promoting economic development in rural areas.
Company Information
Company
PermaCold Logistics
Location
Alabama, United States
About
UB Community Development (UBCD) is a community development financial institution that focuses on supporting economic development in rural areas. They specialize in New Markets Tax Credit transactions and aim to positively impact regional communities through investments in various sectors including healthcare, education, and manufacturing. UBCD partners with organizations to improve local economies and enhance the quality of life for residents. The company is a subsidiary of United Bancorporation of Alabama, Inc.
Fundz sees it the moment PermaCold Logistics raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
AlabamaNon ProfitGovernmentCommunities