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Scottsbluff Council to consider Croell, Inc. economic development agreement

Scottsbluff Council to consider Croell, Inc. economic development agreement

An LB 840 economic development agreement with Croell, Inc. will be considered tonight by the Scottsbluff City Council.

Following a positive recommendation by the city’s LB 840 Review Committee, the council will discuss the agreement in which the city would provide $750,000 toward the company’s project east of Scottsbluff.

However, the agreement would be somewhat different than past LB 840 documents; instead of a blanket security agreement and personal guarantees, the company would give the city first lien on the real estate valued at $2.8 million. Croell officials say the changes are due to requirements by their primary financial lender.

The application says the company  will create 11 full-time positions at the regional facility, with hourly wages around $20 per hour and salaried employees being paid in the $65-95,000 range.

The agreement says the project plans currently do not include an asphalt plant and what would be related operations.

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