Lionchase Holdings Inc. agreed to invest $22.7 million in a 200,000 ft2 cold storage facility in Edgecombe County, N.C. The project will create over 100 permanent, full-time local jobs.

Construction is scheduled to start this summer. Operations are expected to start by December 31, 2018. The development is expected to attract international and national companies needing large-scale cold storage capabilities for produce and meat.