Global Cooling manufactures freezers that have become the sustainable standard for hospitals.
In the early stages of the COVID-19 pandemic, the company was the only manufacturer of ultra-low temperature freezers that met the requirements of the first two approved COVID vaccines in the U.S.
It needed additional capital to continue its ambitious growth plan and meet customer demands.
Our investment, made in connection with state and federal New Markets Tax Credit programs and the Ohio Rural Business Growth program enabled Global Cooling to hire new employees, increase research and development, and implement a new product line.
Investment Summary
Location
Ohio
Investment
$9,433,261
Type
Debt & Equity
Impact
Jobs Supported
195