April 7, 2016


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The State Loan and Investment Board (SLIB) approved 13 Business Ready Community (BRC) grant applications during its April 7 quarterly meeting at the Herschler Building in Cheyenne.

In all, the SLIB invested $10,859,730 in public infrastructure projects to improve communities and strengthen Wyoming’s economy.

Complete board meeting materials can be seen at http://wyomingbusiness.org/content/SLIB.

 

BUSINESS READY COMMUNITY GRANT APPLICATIONS

The Business Council administers the BRC grant and loan program. The program provides financing for publicly owned infrastructure that serves the needs of businesses and promotes economic development within Wyoming communities.

Staff review each application, conduct site visits or conference calls in the case of BRC Planning grants, and make presentations to a board subcommittee before making final recommendations to the full board.

The board is required by statute to forward BRC grant and loan recommendations to the SLIB for final approval. The SLIB comprises the five statewide elected officials: the governor, secretary of state, state auditor, state treasurer and state superintendent of public instruction.
 

Old Business

Cody requested $150,000 to demolish broken and noncompliant park equipment at Mentock Park. The project installation of new ADA-compliant and all-inclusive park equipment. On Jan. 21, the SLIB reviewed a Business Council staff recommendation to not fund the original $450,644 grant request. The SLIB asked the city to reconsider its request by phasing the project and reducing the cost. (SLIB approved the reduced funding request)
 

Business Committed

Alpine requested a $2,873,798 Business Committed grant for the purchase of 3.6 acres of undeveloped land and the construction of a 20,000 square-foot building to house Grand Teton Distillery, which is currently located in Driggs, Idaho. The project would have also extended and upgraded an existing road to the property, and extended an 8-inch water main loop to improve fire suppression supply and system reliability. The project would have created 30 jobs, made 8.3 acres available for future development in Alpine and improved access for the Melvin Brewing plant and Palisades Lake, a local recreation area. Town officials told SLIB they did not have the match required for the Business Council’s recommendation.  (SLIB denied funding)
 

Community Readiness

Sweetwater County requested a $2,480,769 Community Readiness grant to add infrastructure to the Sweetwater Events Complex (SEC) located northwest of downtown Rock Springs. The project will position the Sweetwater Events Complex to compete for large-scale equestrian events like the National High School Finals Rodeo, which produced an annual impact of $7,534,345 between 2012 and 2015. (SLIB approved funding in full)

Kemmerer-Diamondville Water and Wastewater Joint Powers Board requested a $555,914 Community Readiness grant to design and construct a 2,890-foot, 18-inch redundant transmission line. The South Lincoln County Economic Development Board asserts the water line is critical to ensure uninterrupted water supply and to protect the stability of the businesses and communities of Kemmerer and Diamondville in general. (SLIB approved funding in full)

Green River requested a $1,297,000 Community Readiness grant to replace a 50-year-old lift station with one able to meet future need. The area served by the lift station is to be marketed to business and industry as part of a reinvestment and targeted infill strategy. (SLIB approved funding in full)

Rock Springs-Sweetwater County Airport JPB requested a $3 million Community Readiness grant to construct a new general aviation terminal and hangar at the Rock Springs/Sweetwater County Airport located to the east of Rock Springs just south of Interstate 80. Replacing the small, outdated facilities is key to attracting new business to the airport and providing support facilities. Airport officials anticipate the creation of seven jobs at a median wage of $19.46. (SLIB approved $1 million in funding for preliminary work, with the ability to return for further investment)

Evanston requested a $3,000,000 Community Readiness grant to stabilize and partially rehabilitate the remaining three sections of the community’s historic railroad roundhouse building. The town intends to market the remaining sections for business development. (SLIB approved funding in full)
 

Downtown Development

Guernsey requested a $750,000 Downtown Development grant.  The project will restore the Culver Hotel on North Wyoming Avenue, Guernsey’s main street. The project is expected to create seven jobs in the first three years and make two lots marketable for commercial purposes. (SLIB approved funding in full)

Sheridan requested a $2,000,000 Downtown Development grant to renovate the Hallmark building (50 N. Main St.) located north of the WYO Theater (42 N. Main St.) and integrate it into the WYO Performing Arts and Education Center. The project is expected to expand downtown visits and business activity. (SLIB approved $500,000 in funding for preliminary work, with the ability to return for further investment)
 

Community Enhancement

Wright requested $190,000 to add infrastructure for RV camping spots and to construct 20 permanent horse stalls at the Southern Campbell County Agriculture Complex located on the western edge of Wright, just south of Highway 387. The improvements are designed to attract multi-day events capable of increasing sales, fuel and lodging tax revenues for the energy-dependent local economy. (SLIB approved funding in full)

Superior requested $500,000 to renovate its only public building. Construction will provide the public gathering and recreational space, in addition to allowing the town to use the facility as an emergency shelter. (SLIB approved funding in full)

Upton requested $386,047 to improve the city park infrastructure. The project is expected to improve quality of life and bolster business recruitment. (SLIB approved funding in full)
 

BRC Planning

Hulett requested a $25,000 planning grant to develop a plan for a new health clinic. (SLIB approved funding in full)

Sinclair requested a $25,000 planning grant to determine the feasibility and costs of reopening the historic Parco/Sinclair Theatre. (SLIB approved funding in full)

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.

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In-State Companies , Community , Relocation , Business

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