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Crossroads Cooperative Seeks Scottsbluff LB840 Funding for Gering Expansion

Crossroads Cooperative Seeks Scottsbluff LB840 Funding for Gering Expansion

Scottsbluff’s LB840 Application Review Committee meets Friday morning to consider two requests for funding, including a $1 million application as part of an expansion of the Crossroads Cooperative operation in Gering.

According to the application, the more than $11 million project would double existing employment at that location to eight full-time positions with pay ranging from $14-35 an hour, and the annual handling capacity of the facility originally built in 2001 would rise from 2 million to 6 million bushels of grain upon project completion.

The cooperative says the funds from the City of Scottsbluff would be used for rail infrastructure and improvements, and if approved along with $1.6 million in Tax Increment Financing, the project would start immediately upon approval from the Co-op board.

In addition to funds from the Cooperative and their financial institution, the application says the City of Gering has given preliminary approval of $50,000 in LB840 funds, $450,000 toward public works and rail development, and has pledged $1 million toward public works infrastructure.

The review committee will also consider an application from the “Together We Grow” Economic Development Initiative for $500,000 that would be used as needed for wages, training, certifications or other pre-approved workforce activities for qualifying businesses, as well as possibly using the money as matching funds for workforce development grants.

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