January 10, 2020


State elected officials to consider two community grants Jan. 16

The State Loan and Investment Board (SLIB) will consider two Business Ready Community (BRC) grant requests during its Jan. 16 quarterly meeting at 8 a.m. in the Emerson Building at 2001 Capitol Avenue in Cheyenne.

Board meeting materials are available for review here.

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 BRC 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 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. 

Business Committed

  • The Sheridan Economic and Educational Development Authority requests a $1,094,785 grant and $275,000 loan to allow for completion of Vacutech's expansion project. The manufacturer anticipates adding 51 jobs over the next five years. (Business Council board recommends funding as a $1,369,785 loan.)

Community Readiness

  • The City of Rock Springs requests a $2,917,701 grant to rehabilitate the First Security Bank building to return it to productive use while retaining the city's heritage. (Business Council board recommends funding as requested.)

Community , Business

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