State Loan and Investment Board approves over $12 million in business ready grants

June 21, 2012

CASPER, Wyo. – The Wyoming State Loan and Investment Board (SLIB) approved over $12 million in Business Ready Community grant requests this morning at its meeting in Cheyenne.


The board approved applications for one Business Ready Communities (BRC) Business Committed grant; five BRC Community Readiness requests; and seven BRC Community Enhancement requests.


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 Business Council Board of Directors is required by statute to forward all BRC recommendations to the SLIB for final approval. During its May 24 meeting in Pinedale, Wyo., the Business Council board recommended the SLIB fund BRC requests totaling $12,639,747.


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.


BUSINESS READY COMMUNITY GRANT APPLICATIONS

BUSINESS COMMITTED GRANTS

  • Cody requested a $1,223,178 Business Committed grant to construct a 6,000 square foot value-added processing facility to increase the ability of Wyoming Authentic Products to control costs and production schedule. (SLIB approved in full)

COMMUNITY READINESS GRANTS

  • Campbell County requested $2.1 million to construct roads and associated drainage in an industrial development south of the corporate limits of the city of Gillette. (SLIB approved in full)
  • Evanston requested $1 million to construct a 9,000 square foot medical spec building. (SLIB approved in full)
  • Laramie County requested $3,479,569 to build 2.4 miles of road and water main to open up 670 acres in the Swan Ranch Business Park. (SLIB approved in full)
  • Sheridan requested $1 million to construct approximately 2,650 feet of 24’ roadway and 2,650 linear feet of sewer main adjacent to the Sheridan High-Tech Business Park. (Not recommended for SLIB approval by the Business Council board. SLIB agreed, but recognized the potential for the Sheridan project in the future.)
  • Sweetwater County requested $1 million to construct a 7,500 square foot training facility at the Western Wyoming Community College campus. (SLIB approved in full)
  • Upton requested $1,377,247 for completion of approximately 12,710 of water and sewer lines to the final 100 acres of the Upton Regional Industrial Park. (SLIB approved in full)

COMMUNITY ENHANCEMENT

  • Buffalo requested $250,000 for signage, sculptures, plaques, decorative railing, wall murals, landscaping, irrigation, lighting for murals, new trail and trail surface, bike racks, benches, decorative trash receptacles and business/parking signage at Crazy Woman Square in downtown Buffalo. (SLIB approved in full)
  • Cody requested $242,451 for the rehabilitation of the grandstand and entryway improvements at the Cody Stampede Rodeo Grounds. (SLIB approved in full)
  • Cheyenne requested $250,000 to construct 1/4 mile of connecting pathway in east Cheyenne, making 16 miles of continuous Greenway. (SLIB approved in full)
  • Hulett requested $16,820 for landscaping and lighting at the Community Center site. (SLIB approved in full)
  • Jackson requested $250,000 for Phase I of the Snow King Convention & Event Center Improvements project. (SLIB approved in full)
  • Laramie requested $1,330,269 in Community Readiness Loan funds to bring electrical infrastructure serving historical downtown Laramie to code standards and to replace cobra style streetlights with fixtures that are more befitting to the historic ambiance of the area and is estimated to be the final phase of the project. (SLIB approved in full)
  • Lyman requested $120,213 for landscaping and parking lot enlargement for the Heritage Barn Community Center. (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.

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