State Loan and Investment Board approves nearly $10 million in business ready grants, hears updates on previous Business Council projects
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 SLIB for final approval. During its Dec. 6, 2012 meeting in Laramie, Wyo., the Business Council board recommended funding one Business Committed application and four Community Readiness applications totaling $9,972,712 million.
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. Superintendent Hill was absent for today’s meeting.
BRC BUSINESS COMMITTED APPLICATIONS
- SUNDANCE – The city of Sundance requested a $1,356,780 Business Committed grant to extend publically owned water, sewer and roads to site of the expansion and construction of a new $1.5 million dollar Croell Redi-Mix facility. The grant will pay for 1,960 linear feet of waterline, 2,860 linear feet of sanitary sewer, 917 linear feet of riprap lined storm drainage channel, 1,587 linear feet of concrete curb and gutter, and 8,105 square yards of eight-inch concrete pavement. The Business Council board recommendation included a recommendation that an additional five acres be given to the city of Sundance. (SLIB approved in full)
BRC COMMUNITY READINESS APPLICATION
- LARAMIE – The city of Laramie requested a $5,466,331 Community Readiness grant for the creation of the Cirrus Sky Technology Park. Funds will be used for the purchase of the purposed 149 acre site, and will provide the construction of approximately 1.5 miles of new road and existing road extension, water, sewer, data fiber conduit, and underground utilities. (SLIB approved with a 3-1 vote; Secretary of State Max Maxfield, State Auditor Cynthia Cloud, and State Treasurer Mark Gordon voting for and Gov. Mead voting against)
- EVANSTON – The city of Evanston requested a $1,480,919 Community Readiness grant to purchase an eight acre site containing four lots in eight fenced acres and two rail spurs to be owned by the city and leased to expanding and relocating businesses. (SLIB approved in full)
- ROCK SPRINGS – The city of Rock Springs requested a $988,682 Community Readiness Downtown Development grant for renovation of the 6,000 square foot Bunning Transfer building located at 50 South Front Street in downtown Rock Springs. Grant funds will be used for ADA compliant public restrooms and access, visitor information center, and space for the relocation of the URA/Main Street offices. (SLIB approved in full)
- RAWLINS – The city of Rawlins requested a $680,000 Community Readiness-Downtown Development grant for streetscaping and parking infrastructure on Cedar Street between 3rd and 6th Streets to improve pedestrian safety and parking in core of downtown Rawlins. (SLIB approved in full)
In addition to the above action, the SLIB heard updates on previous Wyoming Business Council projects including the Everett Graphics Building project, which now houses Northstar Inc. and employs 75 employees in Evanston, Wyo. The city of Evanston received a $3 million Business Committed grant to build the 62,500-square-foot building in 2005 and received a $1.5 million Community Readiness grant for water, sewer and road infrastructure for the Commerce Drive expansion in 2008.
For more information on the Everett Graphics Building, visit: http://www.wyomingbusiness.
For more information on the Commerce Drive Expansion, visit: http://www.wyomingbusiness.
The SLIB also heard an update on the city of Sheridan Quality Child Care Initiative, in which the city of Sheridan received a $1.5 million Business Committed grant for construction of a 6,000-square-foot early childcare education center building and the Sheridan Economic and Educational Development Authority Joint Powers Board (SEEDS JPB) received a $1.5 million Business Committed grant for a 5,500 square-foot addition, making the center an 11,500 square-foot facility that can accommodate a total of 172 children from infants to elementary school children. Currently, First Light Children’s Center is leasing the facility. They employ ten people and serve 73 students.
For more information, visit: http://media.wyomingbusiness.
–Wyoming Business Council