The Wyoming Business Council Board of Directors will consider two Business Ready Community (BRC) grant requests during its May 24 meeting beginning at 8 a.m. in the Pronghorn Center at Gillette College.
Business Council staff will also provide updates on advisory committee initiatives to advance the WBC strategic plan. Committees include Market, Technology, Business, Community and Industrial development. The agency’s six regional directors will follow with regional news and project updates.
For those calling in remotely, please go to the live video feed at https://register.gotowebinar.com/register/465973418620499715. Users will be given an audio option (computer or phone). The site will automatically proceed to the GoToMeeting streaming video. The phone number provided by the GoToMeeting registration is the one to use even if you don’t plan to watch the video feed.
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 May 23. 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 June 21
Cheyenne requests a $3 million grant and $1,337,455 loan for the extension of 12,000 linear-feet of water main, 11,400 linear-feet of sewer main and minor road improvements to assist the development of a mixed-use residential and commercial site. Total estimated private investment for the first two phases of the project is $95.6 million. The project is expected to help capture additional dollars from outside the community, support the growth and stability of F.E. Warren Air Force Base and diversify commercial activity thanks to the development’s proximity to Interstate 25. (Staff recommends full funding as requested contingent upon completion of the annexation, an environmental review and an executed lease between F.E. Warren Air Force Base and Balfour Beatty.)
Riverton requests a $50,000 grant to develop a strategic plan for economic development. The plan will help Riverton improve infrastructure, develop its workforce and improve the city’s quality of life. (Staff recommends full funding as requested.)
For more information about these projects, visit the Wyoming Business Council website, www.wyomingbusiness.org, or call 1-800-262-3425.