SEEDA Board Discusses Vacutech Grant

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SEEDA Board Member and Sheridan College Vice President for External Relations and Economic Development (Photo Ron Richter ©)
SEEDA Board Member and Sheridan College Vice President for External Relations and Economic Development (Photo Ron Richter ©)

Ther Sheridan Economic and Educational Development Authority Joint Powers Board discussed a recently awarded grant and loan from the state at their meeting Tuesday. Sheridan Media’s Ron Richter has the details.


The Wyoming Business Council recently recommended approval of a grant and loan request from SEEDA in the amount of $4.2 million. The action came during the Business Council’s meeting Thursday in Alpine. SEEDA Board member Susan Bigelow attended the Business Council meeting and provided an update to the SEEDA Board Tuesday during a special meeting.

The grant and loan will be used to build a 40,000 square foot manufacturing facility adjacent to Vacutech’s current building in the Hi-Tech Park in north Sheridan. SEEDA plans to lease the building to Vacutech for a period of five years, after which time, Vacutech will have the option to buy the building. Bigelow said that the company continues to expand since they moved here in 2012.

Bigelow said the State Loan and Investment Board, which is comprised of the State’s five elected officials, will consider the Business Council’s recommendation at their meeting on October 5.

SheridanWyoming.com

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