For Release:
April 22, 2008

For more information contact:
Tom Lacock Senior Marketing and Public Relations Specialist
Wyoming Business Council
Office: 307.777.2834
Email: tom.lacock@wybusiness.org

Wyoming Business Council Board to hear grant request

CHEYENNE – The Wyoming Business Council Board of Directors will meet by conference call at 10 a.m. on April 30 to discuss one Community Development Block Grant application (CDBG).

To listen to the conference call via streaming audio, go to www.wyomingbusiness.org/livemeeting.aspx.

The CDBG application which will go before the board is:

The town of Mountain View requests $279,043 of economic development infrastructure funds to extend town water and sewer lines to a three-acre tract within town limits on Highway 414. The improvements will be owned, operated and maintained by the town of Mountain View. Upon completion of the water and sewer lines, Pamida will construct a 26,500 sq. ft. general merchandise store. Pamida will further economic growth in Mountain View through job creation, increased sales tax revenue on a projected $4 million in annual sales at the Mountain View store alone, and reduced retail leakage from regional residents and recreationalists.

The Community Development Block Grant Program (CDBG) is a federally funded pass through grant program from the U.S. Department of Housing and Urban Development. The CDBG is broken up into two categories: Economic Development and Community Development. The CDBG Economic Development projects help communities and counties with downtown projects, infrastructure projects and planning activities such as feasibility studies or growth management plans. The CDBG Community Development projects help communities with public infrastructure, handicapped accessibility and community facilities projects. This year there is $1.06 million in the Economic Development CDBG account and $1.25 million in the CDBG Community Development account.

The mission of the Wyoming Business Council is to facilitate the economic growth of Wyoming. For more information, please visit the Web site at www.wyomingbusiness.org.

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