The Wyoming Business Council Board of Directors will consider three Business Ready Community (BRC) grant and seven Community Development Block Grant (CDBG) requests during its Sept. 14 meeting beginning at 8 a.m. in the Alpine Civic Center.
Board members will relay information and strategic initiatives developed in its various advisory committees on industrial, business, technology, market and community development in Wyoming.
The board will also consider a request from Cody Laboratories, Inc. (Cody Labs) for additional loan funds from the Large Project Economic Development Fund. The State Loan and Investment Board recommended an $11 million loan to the company on Oct. 6, 2016. The Cody Labs expansion project has the potential to be larger than expected, and the company seeks an additional $22.75 million in loan funds.
If unable to attend the Business Council board meeting in person, please register for the live video feed at https://global.gotomeeting.com/join/685496845.
To speak during the meeting, please call Communications Director Ron Gullberg at 307-777-2833 or send email to firstname.lastname@example.org prior to 4 p.m. on Sept 13. Please state your name and the topic about which you would like to speak.
Board meeting materials are available for review at http://wyomingbusiness.org/boardbook.
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 the BRC project request at its 8 a.m. meeting on Oct. 5 at the Herschler Building in Room 1699 in Cheyenne.
- Sheridan Economic and Educational Development Authority requests a $2,999,496 grant and $1,225,000 loan to build a 40,000 square-foot manufacturing facility in the Sheridan Hi-Tech Park. The facility will be leased to Vacutech with an option to purchase after five years. Vacutech has grown from 20 to 130 employees since it moved from Colorado in 2012. The company anticipates creating 76 new jobs in the next five years. (Staff recommends full funding of the project as requested.)
- Newcastle requests a $500,000 grant for the construction of a bike path, tennis courts and restroom. The project would connect to other recreation features in the community. The project would meet the community’s stated recreation needs and contribute to the city’s quality of life, making it more attractive for recruiting and retaining businesses. (Staff recommends not funding this project because it does not meet BRC rules about regional impact for recreational facilities.)
- Guernsey requests a $37,500 grant to conduct a study of projects that might help the town grow and diversify its economy. The project would help Guernsey build on past successes, coordinate with the National Guard at Camp Guernsey, improve community infrastructure, identify uses for town-owned land, promote the community’s historic assets and address housing and quality of life needs. (Staff recommends full funding of the project contingent on a request for proposal that includes specific public engagement strategies, target markets and industries and draws upon previous plans.)
COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) APPLICATIONS
Business Council staff review each application, conduct site visits (except for CDBG planning grants) and present projects to a board subcommittee. The Business Council board determines final awards for CDBG projects.
About the Program: The Business Council administers the Community Development Block Grant, which is a federally-funded, pass-through program from the U.S. Department of Housing and Urban Development.
- Alpine requests a $500,000 grant to construct infrastructure for Alpine Park Apartments, a 24-unit development reserved for low- and moderate-income households at or below 60 percent of the area median income. (Staff recommends full funding of the project as requested.)
- Evansville requests a $498,952 grant to provide better fire protection and water quality to the heavily industrial/commercial East Yellowstone Highway and Lathrop Road area. (Staff recommends full funding of the project as requested.)
- Evansville requests a $500,000 grant to construct a mile-long gravel roadway to provide secondary access to the town of Evansville. (Staff recommends full funding of the project as requested.)
- Mills requests a $498,857 grant to replace a 6,770-foot asbestos cement water line with a PVC pipe. (Staff recommends full funding of the project as requested.)
- Laramie County requests a $500,000 grant to expand the Laramie County Meals on Wheels kitchen. (Staff recommends full funding of the project as requested.)
- Laramie County requests a $40,000 grant to fund a portion of the Wyoming Family Home Ownership Program, which assists families by preparing them to be responsible homeowners. (Staff recommends full funding of the project as requested.)
- Platte County requests a $70,000 grant to upgrade the county library’s elevator to meet safety codes and handicapped accessibility requirements. The mechanical room will also be updated to meet safety codes. (Staff recommends full funding as requested.)
About the Wyoming Business Council: Our mission is to increase Wyoming’s prosperity. We envision a Wyoming where industries are strong, diverse and expanding. Small business is a big deal. Communities have the highest quality of life. Wyoming is the technology center of the High Plains. Wyoming knows no boundaries. Please go to www.wyomingbusiness.org for more information.