Company plans $42M state-supported expansion in New Orleans East
Lineage Logistics will build a $42 million expansion of its Jourdan Road cold-storage facility in New Orleans East, officials announced Tuesday.
The company plans to expand its cold-storage complex along the Inner Harbor Navigation Canal from 160,000 square feet to 304,000 square feet, retaining 188 existing jobs and creating an estimated 50 new direct maritime and warehousing jobs with an expected average annual pay of $61,000 plus benefits. Louisiana Economic Development estimated the project indirectly will create an additional 56 new jobs.
The state is providing $10 million in capital outlay funds, while the Port of New Orleans is providing $2 million and Lineage Logistics is investing the remaining $30 million in capital for the cold-storage project, officials said. The company also is expected to utilize Louisianaâs Quality Jobs Program.