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The commissioners approved the grant application. CAEDA's board must also OK the plan before it is forwarded to the Wyoming Business Councilfor consideration. If the grant is approved, construction could begin next summer.
Casper economic development group proposes speculative building
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Sutherland declined to name the investor or the proposed location of the facility.
"What we're really planning on doing is justbuilding the shell, and saving the rest of the funding for whatever is required plumbing, flooring, electric wherever it's required," Sutherland said.
Since 2007, 27 firms have contacted CAEDA officials about 20,000 to 60,000 square foot facilities. Sutherland said the business that moves into this speculative building will most likely be a manufacturing company.
And businesses are curious about Casper.
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"Because we are able to fund this facility with grant money, it allows us an incentive for companies that otherwise wouldn't come to Casper," Sutherland said.
The Casper Area Economic Development Alliance plans to request funds from the Wyoming Business Council to construct a 30,000 square foot shell of a building in Natrona County.
The speculative building to be built with the help of a grant from the Business Ready Grant and Loan Program would be available for lease to an incoming company that would not otherwise have chosen Casper for business.
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Scott Sutherland, CAEDA's president and CEO, said during a presentation at the Natrona County Commission's work session Tuesday that CAEDA officials had identified a preliminary location for the building on a 10 acre lot somewhere in Natrona County. The lot was "donated" by a private developer, who Sutherland said has also agreed to invest up to $250,000 for infrastructure costs on the speculative building.
The 30,000 square foot facility would beconstructed with the option of an expansion ofup to 60,000 square feet.
"I truly believe that this building gives Casper a necessary tool to be able to bring in other types of companies that we would not normally have," Sutherland said. you got Air Max Red And Black And White
Sutherland said businesses in the private sector rarely build speculative buildings of this 30,000 square foot size. Construction is expensive, he said, and without a definite occupant for the space, the move is a risky one for businesses looking to guarantee returns on investment.
primary goal on this is not to compete with the private sector. That's what truly drives the economy. If we're interfering with or slowing down the private sector, we're not doing our job."
But CAEDA, with its unique public and private partnership, could be just the right organization to sponsor this facility in Casper, according to Sutherland.
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