Today, the Office of Just Transition (OJT) within the Colorado Department of Labor and Employment (CDLE) and the Office of Economic Development and International Trade (OEDIT) announced their intent to award Moffat County a $2 million Just Transition Community Funding grant to support the creation of a Multi-Use Events and Resiliency Center. The project supports Moffat County's economic transition strategy by capitalizing on year-round fairground utilization and enhancing opportunities for expanded use, generating increased economic benefits and cultural value.
“Colorado will continue investing in our rural communities and their economies. This new grant will drive economic development in Moffat County and I’m excited to see the impact this new facility will have in the community,” said Governor Polis.
“The events and resiliency center should be a major catalyst to help Moffat County diversify its economy, attract new visitors to the community, and stimulate business creation and expansion,” said OJT Director Wade Buchanan. “Moffat County and the City of Craig are taking control of their economic future, and we are excited to be a part of that.”
The funding is part of an ongoing effort by the Polis Administration, OEDIT and OJT to support communities that have relied on coal mines and coal-fired power plants for employment to find new sources of jobs and property tax revenues. Since 2022, OJT and OEDIT have dedicated over $8 million in funding to local economic development initiatives in northwest Colorado, including 18 grants to support community-led projects ranging from business parks and entrepreneurship centers to outdoor recreation attractions and regional planning efforts.
"The construction of an event center will support business growth in the area and increase year-round event tourism in Northwest Colorado," said OEDIT Executive Director Eve Lieberman. "We are happy to support Moffat County's shift toward a more diversified and resilient economic model."
The Multi-Use Events and Resiliency Center project is a key initiative within Moffat County's economic diversification efforts, intended to foster new industries, conventions, and year-round event tourism. Located at the Moffat County Fairgrounds, the center will be five blocks from downtown Craig, adjacent to an Urban Renewal Authority. It will also be within walking distance of the Craig Depot station, a proposed station for Mountain Passenger Rail.
The new facility will be designed to LEED Gold standards with geothermal and solar power systems for year-round operations, and include a 45,000-square-foot arena with seating for up to 6,000 people and 15,000 square feet of conference space. In addition to spurring broader economic growth and diversification, the project itself is expected to create 30 full-time equivalent (FTE) jobs across operations, renewable energy and hospitality while earning the county an estimated $1.2 million in sales tax revenue in its first five years.
In northwest Colorado, Just Transition Community Funding has supported economic diversification projects across Moffat, Routt and Rio Blanco counties, including support for a pumped storage hydropower project southeast of Craig, Pioneers Medical Center, South Routt Medical Center, the Town of Rangely and the Town of Yampa among others. In addition to northwest Colorado, Just Transition Community Funding is available for Fort Morgan County, Pueblo County, the West End of Montrose and San Miguel counties, and Delta, El Paso, Gunnison, La Plata and Larimer counties.