Pueblo County is poised for significant economic growth as a new chemical manufacturing company seeks $15 million in funding to establish operations in the area. The proposal includes a request for a $3 million grant aimed at job creation and a $12 million structured loan with favorable terms, including deferred interest payments for the first year.

The company, led by a team with extensive experience in global market development and chemical manufacturing, plans to relocate key personnel from New Mexico and Houston to Pueblo. This includes a plant manager with a proven track record in building and managing chemical facilities across multiple states. The leadership team also includes local expert Frank Bustamante, who brings over 30 years of industry knowledge.

If approved, the funding will not only facilitate the creation of at least 50 jobs in the initial phase but is projected to generate over $30 million in economic impact for the county. The company anticipates producing 11 million pounds of glycerin in its first year, with revenue expectations reaching $13 million, and scaling up to 50 million pounds and $75 million in revenue by year ten.

The financial structure of the loan includes a promise of 20% of profits being returned to the city or county until the loan is repaid, alongside full indemnification from legal liabilities. The company estimates that the loan could be paid off in approximately 8.5 years, providing a substantial return on investment for the community.

This initiative represents a strategic opportunity for Pueblo County to enhance its economic landscape, with the potential for further expansion and additional product manufacturing in the future. The proposal is currently under consideration, with community leaders recognizing the long-term benefits it could bring to the region.