By Tom Dixon, Content Marketing Manager

June 14, 2018


SLIB

The State Loan and Investment Board will consider two Business Ready Community (BRC) grant requests during its June 21 quarterly meeting at 8 a.m. in the Emerson Building Auditorium at 2001 Capitol Avenue in Cheyenne. 

Board meeting materials are available for review at http://wyomingbusiness.org/slib

 

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. 

 

Community Readiness 

  • 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, address housing issues faced by service members on base and diversify commercial activity thanks to the development’s proximity to Interstate 25. (The Business Council board 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.) 

 

Planning 

  • 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. (The Business Council board 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. 

 

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.

Community , Business

Related News & Updates

Business Council tackles rural internet access

Business Council tackles rural internet access
  • Date: Tuesday, July 10, 2018

Doing business in rural Wyoming has its advantages — the wide-open spaces, slower pace of life and easy access to outdoor adventures are attractive fringe benefits that are hard to come by. Still,...

Read More

Here is Why A Diverse Economy is Critical

Here is Why A Diverse Economy is Critical
  • Date: Monday, July 2, 2018

Economic diversification is the best way to position Wyoming for the future. It is the way to lessen the harsh effects of mineral commodity bust cycles. And it is the way to ensure opportunities exist...

Read More