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Gering Council Approves Steps to Help Provide CDBG Funding to Prime Metal Products

Gering Council Approves Steps to Help Provide CDBG Funding to Prime Metal Products

The Gering City Council took a number of steps Monday night that provided more of the final pieces for funding required to help launch Prime Metal Products later this year.

The council approving a series of resolutions needed to dissolve the city’s Community Development Block Grant revolving loan fund, and allocate the $211,000 that had been in that fund as a grant to Panhandle Regional Development Inc. to be used as part of a $1 million CDBG program for the business project.

Herb Gibson with Prime Metal Products says the grant funding to be used for equipment purchases is a key component of the effort to get the business off the ground. “It’s a huge part of the overall package,” said Gibson following the meeting. “It was a key condition of getting the CDBG grant as a whole, so we’re excited about putting that into a piece of equipment.”

Once in operation with a projected July start, Prime Metal is anticipating having about 33 employees over the first two years, hoping to increase to near 70 several more years down the road. 51% of the positions will be dedicated or made available to low- to middle-income workers.

Gibson says while the virus pandemic has slowed the process of getting the business up and running, the company should be well-positioned to meet what he anticipates will be increasing demand for HVAC ducting products as developers return to construction.

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