City approves CEDC grants for Crazy 8, Viridian Coffee

Clarification: Viridian Coffee has an economic development incentive agreement with the City of Chickasha, not a CEDC grant as previously reported. The Express-Star regrets the error. 

 

An old favorite as well as an often requested business may soon open their doors in Chickasha.

On Monday night, Chickasha City Council approved an CEDC grant for Crazy 8 Cafe and an economic development incentive for Viridian Coffee. 

Crazy 8 Cafe received a $50,000 economic development grant in order to help the cafe reopen at 424 Chickasha Ave. According to city documents, the purpose of the grant is to encourage downtown property owners to make improvements to their properties. 

The incentive includes a $1 reimbursement for each $3 of private funds invested, with a maximum of $20 per square foot, based on improvement square footage. There is a deadline of 18 months to complete the project. 

Viridian Coffee, which has locations in Duncan and Lawton, received an economic development incentive in the amount of $85,000 to open a coffee shop in Chickasha, location pending. The incentive will cover costs to finish a Viridian coffee shop including mechanical, electrical, plumbing, painting, countertops and other construction costs. The city will reimburse the coffee shop $1 for each qualifying dollar spent on the project, within certain specifications. There is a deadline of 12 months to complete the project. 

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