The Sheridan Economic and Educational Development Authority – known as SEEDA – received an update on the proposed Vacutech expansion project earlier this week.
SEEDA Administrator Robert Briggs said the project involves building additional space.
As part of the update, and most importantly, Briggs said, he announced that SEEDA received around $1.3 million in additional supplemental loan funding. The money is through the Wyoming Business Council’s Business-Ready Communities program.
With the funds now secured, Briggs said the Vacutech project has been sent out to bid, and bids will be opened at the end of this month.
Assuming bids are favorable, Briggs said SEEDA is hoping to start work on the project around April 1. He said SEEDA’s participation in the project is necessary because SEEDA owns the site of the expansion.
Vacutech will initially lease the site but after five years will have the option to buy it from SEEDA. Vacutech moved to Sheridan from Colorado. Briggs said the company initially started looking at Sheridan in 2010 and started construction in 2011. He said the company became fully operational here in 2012.