The State Loan and Investment Board (SLIB) provided Business Ready Community (BRC) funding for five communities during its April 6 meeting in Cheyenne.
The original WBC Board recommendations are available for review at http://wyomingbusiness.org/slib.
BUSINESS READY COMMUNITY (BRC) GRANT APPLICATIONS
Business Council staff review each application, conduct site visits, or conference calls in the case of planning grants, and make presentations to the Business Council Board of Directors. The Business Council board is required by statute to forward BRC grant and loan recommendations to the State Loan and Investment Board for final approval. The SLIB is comprised of the five statewide elected officials: the governor, secretary of state, state auditor, state treasurer and state superintendent of public instruction.
About the Program: The Wyoming Business Council administers the Business Ready Community grant and loan program, which provides financing for publicly owned infrastructure that serves the needs of businesses and promotes economic development within Wyoming communities.
- Cody requested a $748,360 grant for a 3,517 square-foot expansion of Wyoming Authentic Products’ facility. The expansion will add preparation, packaging and smoker capacity. The expansion will allow the company to add 10 jobs by 2020. Wyoming Authentic Products expects the expansion to increase production 163 percent and grow market reach to 10,000 U.S. outlets by December 2018. (SLIB approved full funding)
- Powell withdrew its application. However, town officials remain committed to pursuing the unmanned aircraft industry and still hope Powell is the first general aviation airport in the country that allows for simultaneous operations.
- Bar Nunn requested a $3 million grant to construct two on-ramps and two off-ramps at the intersection of Interstate 25 and Westwinds Road in Bar Nunn. Improved access from I-25 provides potential for commercial and industrial development that will add jobs and amenities to Bar Nunn. The interchange will also improve access to the Casper Logistics Hub, Casper/Natrona County International Airport and the Bar Nunn Industrial Park and its recently constructed 30,000 square-foot spec building. (SLIB approved partial funding of $1 million, contingent on Natrona County and the Wyoming Department of Transportation (WYDOT) agreeing to reprioritize other WYDOT projects in Natrona County to provide $2 million for this Bar Nunn project.)
- Sundance requested a $2,957,434 grant to renovate Old Stoney, a historic school building near downtown. The renovation will provide a suitable location for the Crook County Museum and Cultural Center, along with 2,400 square feet of rental space for local businesses and events. The project is expected to create six part-time jobs. (SLIB approved partial funding of $2,452,104 )
- Casper-Natrona County Economic Development Joint Powers Board requested a $500,000 grant to construct a 4,068 square-foot building for maintenance, storage, equipment, guest services and restrooms on the east side of the David Street Station plaza. (SLIB approved full funding)
- Sheridan requested a $44,000 grant to conduct a study that identifies opportunities to increase renewable energy for the purpose of high-tech business recruitment and expansion. (SLIB approved full funding)
For more information about these projects, visit the Wyoming Business Council website, www.wyomingbusiness.org, or call 1-800-262-3425.
About the Wyoming Business Council: Our mission is to increase Wyoming’s prosperity. We envision a Wyoming where industries are strong, diverse and expanding. Small business is a big deal. Communities have the highest quality of life. Wyoming is the technology center of the High Plains. Wyoming knows no boundaries. Please go to www.wyomingbusiness.org for more information.