Four businesses in Delta County, Colorado have been awarded grants under the Rural Economic Development Initiative (REDI) program to facilitate their expansions.
REDI grants are meant to assist rural communities in developing plans and undertaking projects that attract businesses and capital investment, create jobs and increase wages to help make the local economy more diverse and resilient.
Delta County Economic Development, Inc. worked with the Colorado Office of Economic Development and International Trade and the four businesses to secure the REDI grants.
One of these four companies awarded a $25,000 REDI grant is the Diversified Innovative Products (DIP) Company. The grant helped the specialty printing products supplier complete a $250,000 expansion while ensuring that DIP stays put in Delta County. In fact, the company consolidated its out-of-state operations to its expanded Delta County facility and added three new jobs.
TK Holdings likewise got a $50,000 REDI grant for renovating and remodeling a vacant facility and consolidating their headquarters office and shop in the new location. The expansion will enable TK Holdings to add three to five new jobs at their headquarters along with many more field jobs over the next two years.
Amarna Company, which produces a water-based food release product called Amarnakote, is getting $137,000 as a REDI grant to support an $800,000 expansion of their manufacturing plant and headquarters that includes the creation of two to three new jobs.
A fourth REDI grant of $30,000 was awarded to Big B’s Organic Juices and Hard Cider in Hotchkiss, CO. The company will use the grant to reconfigure their organic juicing line and increase production with the help of two to three new jobs they are creating.
Governor John Hickenlooper said that all of Colorado benefits when the rural economy grows, and the REDI program was designed specifically to support this type of growth. The Governor added that they are thrilled that communities and businesses in Delta County are able to utilize this program and continue growing.
Delta County Economic Development, Inc. Director Trish Thibodo said they are thrilled to have worked with the four businesses and OEDIT to bring in the REDI grant monies for supporting facility and job growth.
OEDIT and Colorado Department of Local Affairs officials toured all the businesses awarded REDI grants in Delta County, and attended the ribbon-cutting ceremony for the newly expanded DIP Company facility.