Today, U.S. Department of Agriculture (USDA) Secretary Tom Vilsack announced an investment of $11.1 million under the Food Supply Chain Guaranteed Loan Program for Crystal Freeze Dry LLC, which will help the company expand capacity to manufacture freeze-dried egg products and create job opportunities for rural Iowans. The Biden-Harris Administration made these funds available through its historic legislative package, the American Rescue Plan Act. Vilsack said this announcement is one of many that will be made as they work to address food system challenges.
Crystal Freeze Dry LLC, a family-owned dried-egg product manufacturer, will use the funding to expand its business and create jobs for seven people in Guthrie County. Funds also will be used to purchase equipment, refinance debt, and support working capital.
The Food Supply Chain Guaranteed Loan Program supports essential processing and supply chain infrastructure to help eliminate bottlenecks in the food supply chain, deliver more opportunities and fairer prices for farmers and provide people with greater access to healthier foods.
USDA will announce additional recipients for the Food Supply Chain Guaranteed Loan Program in the coming weeks and months.
