NEWARK — Natural Dairy Products Corporation is preparing for greener pastures as they seek out ways to modernize their dairy production with the help of funds from the Council on Development Finance (CDF).
During its meeting held at Buena Vista Conference Center on Monday, the CDF agreed to offer a Delaware Strategic Fund grant of $858,400 under the Facility Modernization and Investment Initiative (MISI) to assist the Newark-based company in securing new equipment that would improve the shelf-life for products that are packaged in the company’s facility.
In total, $4.3 million will be invested between Natural Dairy Products Corporation owned by Goldey Beacom graduate Stephanie McVaugh, financing and the grant made available to her through the CDF. Ultimately, she hopes to replace aging, inefficient filling machines – some dating from as far back as the 1960s.
Staff members from the Delaware Prosperity Partnership (DPP)attended the meeting alongside McVaugh to share support for the proposition …