SEEDA Board Approves Grant Work to Start on Vacutech Expansion

The Sheridan Economic and Educational Development Authority Joint Powers Board approved work to start on a grant application that would expand Sheridan’s Vacutech. City Planning Director Robert Briggs.

The business committed grants are one of the resource’s that SEEDA offers to local businesses in order to stimulate Economic Development. The board approved $22,000 for grant writing and management purposes. Briggs said that the project would cost an estimated $4.5 million and would bring in around 30-40 new jobs.

In addition to the new jobs, Briggs said that once the building is completed, Vacutech would lease the building from SEEDA for at least five years. The lease would provide funds to pay off the loan and also bring in revenue for the board to help continue economic growth in the Sheridan Community. After the five years, Vacutech would have the choice to purchase the building. This project is still in it’s infancy and the grant application will have to be approved by the Sheridan City Council and other entities before it can be submitted for approval.

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