|
Eligible Grant and Loan Activities
Infrastructure such as water, sewer, streets, telecommunications, airports, rights of way, land, spec buildings, or amenities within a business park, industrial park, industrial site or business district or other appropriate physical projects in support of primary economic development. Educational development infrastructure such as workforce training facilities are eligible. Recreational facilities, landscaping and convention centers are also eligible.
Eligible Applicants
Cities, towns, counties and joint powers boards are the primary applicants for this program. State and local community development organizations can assist and provide project management development under contract to the primary applicant. The Council may enter into contracts/cooperative agreements with the Eastern Shoshone Tribe and the Northern Arapaho Tribe in order to promote the purpose of the program and fund infrastructure projects.
Match Requirements
Business Committed and Community Readiness Grants require a 5 to 10 percent match based on the grant amount. Up to $250,000--a minimum 5 percent match of project costs. Over $250,000 and up to $1,500,000—minimum of 10 percent match of project cost. Community Enhancement Grants require a 50% match of total project cost. The maximum Community Enhancement award is $500,000.
Contact Shawn Reese, Business Ready Community Program Manager at 307.777.2813 or contact your Regional Director.
The program offers three types of funding:
- Business Committed Projects - Businesses committed to locate or expand in the community. Applications are accepted at any time. Maximum award is $1.5 million.
- Community Readiness Projects - No specific business is committed to expand or locate in the community. The community wants to build facilities to ready itself for new business development under a specific strategy or plan of action. A community must demonstrate that appropriate planning has been conducted and capacity exists to accommodate new business development. Maximum award is $1.5 million.
- Community Enhancement Projects - An applicant wants to improve the community’s aesthetic character or quality of life through such activities as landscaping, recreational or convention facilities in order to make itself more attractive for business development under a specific strategy or plan of action. No specific business is committed to expand or locate in the applicant’s community. Maximum award is $500,000.
BRC Rules
Revised BRC Rules (PDF) were adopted December 7, 2006 and are now in effect.
Applications
BRC Timeline
Find out when applications are due and the review process with the IRC Division Grant & Loan Programs Application & Award Schedule 2008.
BRC Funding Available
Funding availability will be updated after the Legislature approves a supplemental budget. Please check back.
Forms
Download Business Ready Community forms:
|
Community Development
