The State Loan and Investment Board (SLIB) approved a $1.5 million grant to Campbell County Thursday.
The money will be used to build a 4,000 square-foot facility in Gillette for researching new ways to turn raw coal into commercial products.
Materials about the project are available for review at http://wyomingbusiness.org/slib.
BUSINESS READY COMMUNITY (BRC) GRANT APPLICATIONS
Wyoming Business Council staff review each application, conduct site visits, or conference calls in the case of planning grants, and presents an analysis to the full Business Council board of directors. The board considers the staff analysis and public input before making a recommendation to the SLIB.
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.
Campbell County requests a $1,500,000 grant to purchase 9.5 acres at the Fort Union Industrial Park and construct a 4,000 square-foot steel lab and office building and associated infrastructure for the new Advanced Carbon Products Innovation Center facility. The innovation center will provide space and a steady supply of raw product to drive research and value-added manufacturing of Wyoming raw minerals. This project is expected to create 10 to 20 direct jobs in the next five years. (SLIB approved full funding of the project as requested contingent on further review of the appraisal.)
For more information about these projects, visit the Wyoming Business Council website, www.wyomingbusiness.org, or call 1-800-262-3425.