In the April 2016 GOED board meeting, the Office of Rural Development recommended four companies from three counties to receive Rural Fast Track grants. Bingham’s Custom Meats (Morgan), Precision Complete Auto Repair (Morgan), The Synergy Company of Utah (Grand) and Logan Extermination (Cache) received board approval for the funding.
“The Office of Rural Development is pleased to support industry growth in Morgan, Cache and Grand Counties through the Rural Fast Track grant program this month,” said Linda Gillmor, associate managing director, Urban & Rural Business Services. “The private sector does the heavy lifting by making investments into their companies and by providing new jobs. GOED is able to provide a post-performance incentive to encourage even more rural economic growth.”
Bingham’s Custom Meats is a game and agricultural meat processor. The $50,000 grant is for the purpose of expanding their current building by adding another game meat processing area. The expansion will allow the company to accommodate more clientele. The company expects to create one new full time position paying at least 110 percent of the county average wage. The project is estimated to cost $252,852.
Precision Complete Auto Repair is a full-service automotive mechanic shop. The $50,000 grant is for the purpose of constructing a new mechanic’s shop with a total of nine bays as well as purchasing automotive equipment including five vehicle lifts and an alignment machine. The company expects to create one new full time position paying at least 110 percent of the county average wage. The project is estimated to cost $812,811.
The Synergy Company of Utah manufactures 25 different wellness supplements (in the form of tablets, capsules, or powders) that are created from an array of several hundred certified organic wholefood botanicals. The $50,000 grant is for the purpose of purchasing a tablet/capsule counter that will help the company triple their current output and allow them to introduce new products. The company expects to create one new full time position paying at least 125 percent of the county average wage. The project is estimated to cost $107,006.
Logan Extermination offers extermination, tree trimming, and deer repelling services. The $50,000 grant is for the purpose of constructing a 2,000 square-foot steel garage with three double-garage doors, and all necessary plumbing, drains, heating, and electrical services. Each of the three garage bays can house two trucks and leave additional space for product storage. The company expects to create three new full time positions paying at least 110 percent of the county average wage. The project is estimated to cost $195,123.
To see if a business in your rural county may be eligible for a Rural Fast Track grant, please visit http://business.utah.gov/programs/incentives/rural-fast-track/