We love gelato, so this is good news for us!
Gelato Gilberto was approved for a $65,060 Louisville Agribusiness Loan from the City of Louisville in order to expand its business with a wholesale component at 2509 Portland Ave.
According to a news release, the loan fund was created through a partnership with the state through the Kentucky Agricultural Development Fund and a match from the city.
Gelato Gilberto, owned by Justin and Kristen Gilbert, was formed in 2006 after the couple moved to Italy to learn to make authentic gelato.
The Gilberts have owned a gelateria in Norton Commons for several years, and the loan will allow them expand by developing a wholesale arm to their business. They hope to open the facility mid-summer.
According to the release, the Louisville Agribusiness Loan is a low-interest tool, created with Louisville Metro and the Kentucky Agricultural Development Board, targeted to assist businesses processing food grown by Kentucky farmers.
The loan is targeted to contract packers or co-packers, food cooperatives, distilleries and wineries, dairy products processors, distributers, and processed products manufacturers. To be eligible, businesses must locate in the Portland Neighborhood, provide employment opportunities for Portland residents, and demonstrate that major ingredients in their product come from Kentucky farmers.