Last week the Sheridan Economic and Educational Development Authority Joint Powers Board approved a resolution to apply for a Business Committed grant through the Wyoming Business Council. The grant, if approved, would allow for Vacutech to expand onto property located west of their current location in the Hi-Tech Business Park in north Sheridan.
Following a presentation by SEEDA Administrator Robert Briggs Monday night, the Sheridan City Council gave their support of the grant application.
Briggs said that the proposed $3.6 million project consists of the construction of a 45,000 square foot industrial shell building that would be finished by Vacutech. He added that upon completion of the building, SEEDA would lease it to Vacutech for market rate with an option for the company to purchase the building after five years.
SEEDA will apply for the grant within the next week, with the hopes of beginning construction on the building in late fall and to have it completed by next summer.