State Loan and Investment Board approves over $6 million in business ready grants

April 12, 2012
CASPER, Wyo. – The Wyoming State Loan and Investment Board (SLIB) approved over $6 million in Business Ready Community (BRC) and Community Facilities Program (CFP) grants at its meeting today in Cheyenne.  

The Wyoming Business Council administers the BRC program, which provides the financing for publicly owned infrastructure that serves the needs of businesses and promotes economic development within Wyoming communities.  The Community Facilities Program assists communities in preserving former school and government surplus facilities that have existing or future community uses.   

The Business Council Board of Directors is required by statute to forward all BRC and CFP recommendations to the SLIB for final approval. During its March 15 meeting in Douglas, Wyo., the Business Council board recommended funding for two BRC Business Committed applications totaling $7,531,424 and four Community Facilities program applications totaling $3,614,950 leaving $30,886,481 available for this biennium.  A BRC Managed Data Center Cost Reduction grant of $5 million requested by Laramie County was approved at a special SLIB meeting in March.  

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. (SLIB approved in full)

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. (SLIB approved in full)
  • 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. (SLIB approved in full)
  • 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. (SLIB approved in full)
  • 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. (SLIB approved in full)

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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Category: Entrepreneur, In State Companies, Community, Business, Education