Torrington, Wyo. (RELEASE from Goshen Economic Development) October 30, 2020 — Goshen Economic Development in partnership with the City of Torrington applied to the Wyoming Business Council for a Business-Ready Community (BRC) Grant. The grant request is for the $2.5 million purchase price of the Wyoming Ethanol facility.
If funded, the City of Torrington will purchase the Wyoming Ethanol facility and triple-net lease it to Panhandle CO-OP. Panhandle CO-OP will cover all associated costs and expenses while investing an additional $1.5 million into equipment and renovations for the facility. Panhandle CO-OP plans to turn the facility into a regional hub for their Ag products and services. Panhandle CO-OP headquarter in Nebraska, see’s Wyoming growing market and business-friendly environment as a great location for expansion. The project will retain Panhandle CO-OP’s Wyoming workforce and add five additional jobs initially. Profits from the lease agreement will be reinvested in Torrington for future economic development projects. The agreement will also allow Panhandle CO-OP to keep liquidity for potential future endeavors in Goshen County. The City of Torrington City Council voted unanimously in favor of the Resolution of Support for the project at their meeting on October 6, 2020.
Goshen Economic Development is a non-profit organization created in 1987 to encourage business growth and build on local community assets. GED’s mission is to cultivate boundless opportunity for business and community. The organization encompasses all economic development, Chamber of Commerce, Travel and Tourism, and Main Street activities on the behalf of Goshen County.