News Column

State Loan and Investment Board Approves Grant Recommendations

June 20, 2014



CASPER, Wyo., June 20 -- The Wyoming Business Council issued the following news release:

The Wyoming State Loan and Investment Board (SLIB) approved $16,259,523 in Business Ready Community (BRC) grant requests this morning at its meeting in Cheyenne, Wyo.

"It's not just diverse in the types of projects but also in the communities that are served by this," Business Council Chief Executive Officer Shawn Reese said of the 19 grants approved by SLIB. "We've got some very small communities with very unique needs and opportunities, and then larger cities in the mix, as well."

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 and diversity within Wyoming communities.

The Business Council Board of Directors is required by state statute to forward all BRC recommendations to the SLIB for final approval. The Business Council board made its funding recommendations to the SLIB at its May 29 meeting in Laramie, Wyo.

The SLIB is comprised 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.

BRC Business Committed Applications Alpine requested a $2,949,425 Business Committed grant to construct a 20,000 square-foot building and utility extensions for the expansion of Melvin Brewing. (Funded in full)

BRC Senior Care Applications

*Albany County requested a $1 million Senior Care grant for the construction of an inpatient hospice facility. (Funded in full)

*Sheridan requested a $500,000 Senior Care grant for the construction of the Sheridan Senior Center Day Break Facility. (Funded in full)

BRC Community Readiness Applications

*Afton requested a $3 million Community Readiness grant for public infrastructure including an enhanced sewer line along 2nd Avenue; sewer line up-sizing along Lincoln Street from 2nd to 4th avenues; and street surfacing enhancement along 1st Avenue and Highway 89. (Funded in full)

*Edgerton requested a $243,800 Community Readiness grant to extend water and sewer lines and make some road improvements to prepare a commercial area for development. (Funded in full)

*Lincoln County requested a $1,401,456 Community Readiness grant to install conduit necessary for a fiber line to be looped through Sage Junction. (Funded in full)

*Rawlins requested a $442,000 Community Readiness grant to construct a new roadway and bring water and sewer to three lots making them ready for development on the east entrance to Rawlins. (Funded in full)

*Torrington requested a $1,887,101 Community Readiness grant to construct a new electric substation, 34.5 kV transmission line and underground line extension into the Cold Springs Business Park. (Funded in full)

BRC Community Enhancement Applications

*Albany County requested a $500,000 Community Enhancement grant to renovate the county-owned Nellie Iles School building, which houses the Greater Wyoming Big Brothers Big Sisters Mentoring Center. (Funded in full)

*Casper requested a $500,000 Community Enhancement grant for Phase I of the Platte River Revival. The project is a restoration project for 13.5 miles of the North Platte River and its banks that traverse Casper. (Funded in full)

*Cowley requested a $500,000 Community Enhancement grant for completion of the Cowley Recreation Complex Project. (Funded in full)

*Evanston requested a $498,655 Community Enhancement grant for the Bear Meadows Enhancement Project. (Funded in full)

*Gillette requested a $500,000 Community Enhancement grant for the convertible street/public plaza project. (Funded in full)

*Greybull requested a $320,000 Community Enhancement grant for improvements to the Herb Asp Community Center, informally known as the Greybull Recreation Center. (Funded in full)

*Kemmerer requested a $500,000 Community Enhancement grant for improvements to the Kemmerer Sports Field Access and Parking Facilities. (Funded in full)

*Lovell requested a $31,695 Community Enhancement grant for improvements to the Lovell Free Camper Park. (Funded in full)

*Natrona County requested a $500,000 Community Enhancement grant to build a Biathlon Complex on Casper Mountain adjacent to the current Nordic ski trails. (Funded in full)

*Park County requested a $485,391 Community Enhancement grant for building a facility and other improvements to the Park County Fairgrounds. (Funded in full)

*Rock Springs requested a $500,000 Community Enhancement grant for renovations and expansion of the existing Rock Springs Community and Visitor Complex. (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.

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