The State Loan and Investment Board will review five Wyoming Business Council, Business Ready Community (BRC) grants during its April 6 meeting in Cheyenne.
Deliberations begin at 8 a.m. in Room 1699 of the Herschler Building at 122 W. 25th St.
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 the Business Council Board of Directors. The Business Council board is required by statute to forward BRC grant and loan recommendations to the State Loan and Investment Board 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.
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.
- Cody requests a $748,360 grant for a 3,517 square-foot expansion of Wyoming Authentic Products’ facility. The expansion will add preparation, packaging and smoker capacity. The expansion will allow the company to add 10 jobs by 2020. Wyoming Authentic Products expects the expansion to increase production 163 percent and grow market reach to 10,000 U.S. outlets by December 2018. (WBC board recommends full funding of the project.)
- Powell withdrew its application. However, town officials remain committed to pursuing the unmanned aircraft industry and still hopes to be the first general aviation airport in the country that allows for simultaneous operations.
- Bar Nunn requests a $3 million grant to construct two on-ramps and two off-ramps at the intersection of Interstate 25 and Westwinds Road in Bar Nunn. Improved access from I-25 provides potential for commercial and industrial development that will add jobs and amenities to Bar Nunn. The interchange will also improve access to the Casper Logistics Hub, Casper/Natrona County International Airport and the Bar Nunn Industrial Park and its recently constructed 30,000 square-foot spec building. (WBC board does not recommend funding the project.)
- Sundance requests a $2,957,434 grant to renovate Old Stoney, a historic school building near downtown. The renovation will provide a suitable location for the Crook County Museum and Cultural Center, along with 2,400 square feet of rental space for local businesses and events. The project is expected to create six part-time jobs. (WBC board recommends partial funding of $2,452,104 toward the project.)
- Casper-Natrona County Economic Development Joint Powers Board requests a $500,000 grant to construct a 4,068 square-foot building for maintenance, storage, equipment, guest services and restrooms on the east side of the David Street Station plaza. (WBC board recommends full funding of the project.)
- Sheridan requests a $44,000 grant to conduct a study that identifies opportunities to increase renewable energy for the purpose of high-tech business recruitment and expansion. (WBC board recommends full funding of the project.)
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.