Business Council holds board meeting in Douglas, Wyo.

March 15, 2012

For video of Bob Jensen, Business Council CEO, visit: http://youtu.be/HIwhM26fqNg


DOUGLAS, Wyo. - The Wyoming Business Council Board of Directors held a community open dialog session, heard updates from four of its operational divisions as well as reviewed applications for Business Ready Community (BRC) Business Committed and Community  Facilities  grants at its March 15 meeting in Douglas, Wyo. 

The Business Council’s Agribusiness, Business and Industry, Rural Development/Wyoming Main Street, and regional office divisions reported on their recent work.  The board also evaluated two Business Ready Community Business Committed grant applications totaling $7,531,424 and four BRC Community Facilities program applications totaling $3,614,950.;


BUSINESS READY COMMUNITY GRANT APPLICATIONS

The board reviewed six applications, totaling $11,146,374 and leaving $30,886,481 available for this biennium if awarded by the State Loan and Investment Board (SLIB).  Before making the final recommendation to the board, staff reviews each application, conducts a site visit, and presents to a board subcommittee.  Board recommendations will be forwarded to the SLIB for approval at their April 12 meeting in Cheyenne at the Hershler Building at 8 a.m.  The Laramie County Project Summit application will be reviewed at a special SLIB meeting on March 19 at 8 a.m. in room B-24 of the Hathaway Building in Cheyenne.


ABOUT THE PROGRAM:The Business Council administers the Business Ready Community Grant and Loan Program (BRC), which provides financing for publicly owned infrastructure that serves the needs of businesses and promotes economic development within Wyoming communities. The Business Council board is required by statute to forward BRC grant recommendations to the SLIB for final approval. The SLIB is made up of the five statewide elected officials: Gov. Matt Mead, Secretary of State Max Maxfield, State Treasurer Joe Meyer, State Auditor Cynthia Cloud, and State Superintendent of Public Instruction Cindy Hill.


BRC BUSINESS COMMITTED APPLICATIONS

  • Cody requested a $2,531,424 Business Committed grant to construct a 23,725 square foot warehouse facility to be attached to the existing Cody Laboratories facility. (Recommended to the SLIB for approval)
  • Laramie County requested a $5 million Managed Data Center Cost Reduction grant for the recruitment of a Fortune 100 company data center. The business is referred to as “Project Summit.” (Recommended to the SLIB for approval)

COMMUNITY FACILITIES GRANT APPLICATIONS

  • Bairoil requested a $1 million Community Facilities grant to renovate the former Old Town Hall, a 6,714 square foot facility, to create a new community center. (Recommended to the SLIB for approval)
  • Cowley requested a $991,960 Community Facilities grant to renovate and restore the 7,778 square foot Cowley Log Gym Community Center located at 35 East 1st Street in Cowley. (Recommended to the SLIB for approval)
  • Midwest requested a $673,250 Community Facilities grant to renovate an existing 1,200 square foot community youth recreation center located at 8 Wilson Street, and to construct a 5,000 square foot addition. (Recommended to the SLIB for approval)
  • Sublette County requested a $949,740 Community Facilities grant to renovate the former 6,600 square foot Boulder School known as the Boulder Community Center located on a 4.17 acre site in Boulder, an unincorporated town in Sublette County. (Recommended to the SLIB for approval)

The mission of the Business Council is to facilitate the economic growth of Wyoming. The Business Council, a state government agency, concentrates its efforts on providing assistance for existing Wyoming companies and start-ups, helping communities meet their development and diversification needs, and recruiting new firms and industries targeted to complement the state’s assets. For more information, please visit www.wyomingbusiness.org.


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For more information: Kim Kittel, Public Relations and Marketing, 307.287.2170 or kim.kittel@wyo.gov.

Category: Agribusiness, Non-Profit, In State Companies, Community, Relocation, Business