SLIB approves more than $18 million in grant and loan requests for projects around the state

June 20, 2013

The Wyoming State Loan and Investment Board (SLIB) approved $18,592,642 in Business Ready Community grant and loan requests this morning at its meeting in Cheyenne. 

The Wyoming Business Council administers the Business Ready Community (BRC) program, which provides the financing for publicly owned infrastructure that serves the needs of businesses and promotes economic development within Wyoming communities.

The Business Council Board of Directors is required by statute to forward all BRC recommendations to the SLIB for final approval. During its May 23 meeting in Thermopolis, Wyo., the Business Council board recommended the SLIB fund the following requests.

The SLIB is made up of the five statewide elected officials: Gov. Matt Mead, Secretary of State Max Maxfield, State Treasurer Mark Gordon, State Auditor Cynthia Cloud, and State Superintendent of Public Instruction Cindy Hill. 


BUSINESS READY COMMUNITY PROGRAM

Business Ready Community Business Committed Applications

  • Afton requested a $289,800 Business Committed Grant for the Star Valley Medical Center. (Approved by the SLIB in full)
  • Jackson requested a $1.5 million Business Committed Grant for the Vertical Harvest of Jackson Hole. (Approved by the SLIB in full)
  • Natrona County requested a $1.5 million Business Committed Grant for water and sewer infrastructure for the Casper Crude to Rail, LLC. (Approved by the SLIB in full)
  • Thayne requested a $1,089,000 Business Committed Grant for the Star Valley Medical Center. (Approved by the SLIB in full)

BRC Managed Data Center Cost Reduction Applications

  • Laramie County requested a $2.25 million Managed Data Center Cost Reduction Program Grant for the second phase of Microsoft’s expansion. (Approved by the SLIB in full)

BRC Community Readiness Applications

  • Alpine requested a $550,250 Community Readiness Grant for the Snake River Water Line. (Approved by the SLIB in full)
  • Carbon County requested an $849,715 Community Readiness Grant for the Career and Technical Education Center Road Extension project. (Approved by the SLIB in full)
  • Jackson Hole Airport Joint Powers Board requested a $2 million Multi-Year Community Readiness Grant and a $3 million Multi-Year Loan for the Jackson Hole Airport expansion. (Approved by the SLIB in full)
  • Marbleton requested a $250,000 Community Readiness Grant for the Sleepy Hollow Industrial Looping Waterline. (Approved by the SLIB in full)
  • Sheridan requested a $1 million Community Readiness Grant for the Sheridan Northwest Infrastructure project. (Approved by the SLIB in full)

BRC Community Enhancement

  • Big Horn County requested a $500,000 Community Enhancement Grant for the Big Horn County Multi-Purpose Building. (Approved by the SLIB in full)
  • Casper requested a $185,580 Community Enhancement Grant for a downtown public restroom. (Approved by the SLIB in full)
  • Cody requested a $46,180 Community Enhancement Grant for the Riley Center Spectator Seating project. (Approved by the SLIB in full)
  • Green River requested a $162,500 Community Enhancement Grant for the re-design and construction of the Clock Tower Plaza. (Approved by the SLIB in full)
  • Jackson requested a $1.5 million Business Committed Grant for the Snow King Mountain Resort. (SLIB approved a $500,000 Community Enhancement grant and a $1 million Community Enhancement loan)
  • Lander requested a $500,000 Community Enhancement Grant and a $150,000 Community Enhancement loan for the Lander Community Center Construction. (Approved by the SLIB in full)
  • Old Penitentiary Joint Powers Board requested a $102,813 Community Enhancement Grant for the stabilization and enhancement of the Wyoming Frontier Prison. (Approved by the SLIB in full)
  • Rawlins requested a $297,475 Community Enhancement Grant for the Rawlins Way Finding System. (Approved by the SLIB in full)
  • Wheatland requested a $120,326 Community Enhancement Grant for the Wild West Splash Park. (Approved by the SLIB in full)

BRC Child Care

  • Baggs requested a $749,003 Child Care grant for the expansion of Little Rascals Childcare. (Approved by the SLIB in full)

For more information about these projects, visit the Wyoming Business Council Website at www.wyomingbusiness.org or call 1-800-262-3425.

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.

###
Category: Agribusiness, Entrepreneur, Non-Profit, In State Companies, Community, Relocation, Energy, Business, Education