CHEYENNE, Wyo. – The Wyoming State Loan and Investment Board (SLIB) approved $4,531,227 in Business Ready Community (BRC) grant and loan requests this morning at its meeting in Cheyenne.
The Wyoming Business Council administers the BRC program, which provides the financing for publicly owned infrastructure that serves the needs of businesses and promotes economic development within Wyoming communities.
The Business Council Board of Directors is required by statute to forward all BRC recommendations to the SLIB for final approval. During its Sept. 5 meeting in Lander, Wyo., the Business Council board recommended the SLIB fund the seven requests.
The SLIB is made up of the five statewide elected officials: Gov. Matt Mead, Secretary of State Max Maxfield, State Treasurer Mark Gordon, State Auditor Cynthia Cloud, and State Superintendent of Public Instruction Cindy Hill.
Business Ready Community Business Committed Applications
Fremont County requested a $1.5 million Business Committed grant for a 7.6 mile road upgrade that will provide Cameco Corporation and other area mining companies safe and reliable access into the area. Cameco plans to begin uranium production at the Gas Hills mine site as early as 2015 subject to completion of regulatory approvals and market conditions. (Funded in full)
Laramie requested a $2.4 million Business Committed grant and a $519,477 Business Committed loan to construct a 20,000-square-foot manufacturing/warehouse facility in the Laramie River Business Park for the relocation of HiViz Shooting Systems’ corporate headquarters. (Funded in full)
BRC Planning Applications
Campbell County Lodging Tax Joint Powers Board requested a $25,000 BRC Tourism Planning grant for the Gillette Visitor Center Location Study. (Funded in full)
Converse County requested a $22,500 BRC Planning grant to conduct a feasibility study for the NEWEDC Plastic Pellet Industry in northeast Wyoming. (Funded in full)
Green River requested a $25,000 BRC Feasibility Study Planning grant for the Greater Green River Intergalactic Spaceport Master Plan. (Funded in full)
Laramie Plains Civic Center Joint Powers Board requested a $20,500 BRC Planning grant to conduct a feasibility study for the Laramie Plains Civic Center electrical system. (Funded in full)
Rolling Hills requested an $18,750 BRC Planning grant for the Rolling Hills Multi-Use Facility Feasibility Study. (Funded in full)
The mission of the Business Council is to facilitate the economic growth of Wyoming. The Business Council, a state government agency, concentrates its efforts on providing assistance for existing Wyoming companies and start-ups, helping communities meet their development and diversification needs, and recruiting new firms and industries targeted to complement the state’s assets. For more information, please visit www.wyomingbusiness.org.