Funding denied for Alpine distillery

(Alpine, Wyo.) - Today, the State Loan and Investment Board (SLIB) met and approved 13 Business Ready Community (BRC) grant applications during its meeting today, but the Alpine distillery wasn't one of them. According to a release issued by the Wyoming Business Council this afternoon, Alpine requested a $2,873,798 Business Committed grant for the purchase of 3.6 acres of undeveloped land and the construction of a 20,000 square-foot building to house Grand Teton Distillery, which is currently located in Driggs, Idaho. The project would have also extended and upgraded an existing road to the property, and extended an 8-inch water main loop to improve fire suppression supply and system reliability. The project would have created 30 jobs, made 8.3 acres available for future development in Alpine and improved access for the Melvin Brewing plant and Palisades Lake, a local recreation area. Town officials told SLIB they did not have the match required for the Business Council’s recommendation. During the meeting today, SLIB denied funding for this project. On December 9, 2015, the Wyoming business Council issued a release stating that the board recommended full funding of a $2,873,798 grant for the Town of Alpine to purchase 3.6 acres and construct a 20,000 square foot building to house a distillery. On December 22, 2015, the board voted to rescind the recommendation made December 9 in support of the Town of Alpine’s request for Business Ready Community funds and directed staff to continue to work with the town, Grand Teton Distilling and the Wyoming distilling industry to provide the Board with a more complete analysis. On April 7, the board recommended funding up to $1,500,000 for infrastructure limited to road, water and the purchase of 3.6 acres of undeveloped land. Ultimately, SLIB chose to not fund the distillery in Alpine. Complete board meeting materials can be seen at #buckrail #news