For Immediate Release:
April 30, 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 approves grant request

CHEYENNE – The Wyoming Business Council Board of Directors met via conference call today to approve one Community Development Block Grant application (CDBG).

The board approved a $279,043 economic development grant for 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. Economic Development activities under the CDBG program help communities with downtown projects, infrastructure projects and planning activities such as feasibility studies or growth management plans. Community Development activities under the CDBG program 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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