Cold storage facility to spend $13 million, add 30 jobs in Maumelle
Cypress Cold Storage, a provider of temperature-controlled warehouse space and services for the food sector, announced Tuesday (April 6) the opening of the company’s expanded facility in Maumelle.
Cypress Cold Storage invested over $13 million in the expansion and will add 30 new jobs. The facility now includes more than 162,000 square feet – or 6.4 million cubic feet – and has the capacity to store more than 18,000 pallets.
“We see a continued demand for temperature-controlled warehouse space and are excited to provide additional capacity to our customers,” said Michael McAfee, president of Cypress Cold Storage Companies. “The demand for temperature-controlled warehouse space continues to increase. This expansion will allow us to provide more capacity to our current customers while providing the opportunity to reach out to new ones.”
“It is a great day to celebrate the successes of growing businesses such as Cypress Cold Storage,” said Arkansas Secretary of Commerce Mike Preston. “The entrepreneurial spirit is alive and well in Arkansas, and Cypress Cold Storage is an example of how one company with a vision can impact an industry. I look forward to working with the company as they embark on this expansion.”
Cypress Cold Storage was formed in 2019. The company has spent the last two years completing its capital improvement, moderation, and expansion program. In addition to its expanded Maumelle facility, the company also operates a temperature-controlled warehouse in North Little Rock.
“We are extremely pleased that Cypress Cold Storage is in a position to expand and invest in their existing facility in Maumelle and for the additional jobs that the expansion creates,” said Maumelle Mayor Caleb Norris. “Supporting our existing industries continues to be a priority, and we are thankful for the collaboration between Cypress Cold Storage, AEDC, Pulaski County, and the City of Maumelle for this expansion.”
AEDC said the company qualified for two state incentives: the Tax Back Program and the Advantage Arkansas Program.