The Wyoming Business Council Board of Directors will consider two Business Ready Community (BRC) funding requests during its Dec. 5 meeting at the Chairmen's Room at the Cheyenne Frontier Days Event Center on 1230 W. 8th Avenue.
The meeting will be held from 8 a.m. to 3 p.m. on Dec. 5. Visit here for the full agenda and meeting materials.
For those participating, listening and/or watching remotely, please register here. After registering, you will receive a confirmation email containing information about joining the webinar. Users will be given an audio option (computer or phone). The site will automatically proceed to the GoToMeeting streaming video. Participants can also use the GoToWebinar app from a smartphone.
To speak during the meeting, please call Content Marketing Manager Tom Dixon at 307-275-2217 or send an email to firstname.lastname@example.org prior to 4 p.m. on Dec. 4. Please state your name and the topic about which you would like to speak.
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 a board subcommittee before making final recommendations to the full board.
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.
The Business Council board is required by statute to forward BRC grant and loan recommendations to the State Loan and Investment Board (SLIB) 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.
The SLIB will make final decisions on BRC project requests at its 8 a.m. meeting on Jan. 16.
- The Sheridan Economic and Educational Development Authority requests a $1,094,785 grant and $275,000 loan to allow for completion of Vacutech's expansion project. The manufacturer anticipates adding 51 jobs over the next five years. (Staff recommends funding as a $1,369,785 loan.)
- The City of Rock Springs requests a $2,917,701 grant to rehabilitate the First Security Bank building to return it to productive use while retaining the city's heritage. (Staff recommends funding as requested.)