(Casper, Wyo.) – The Wyoming Business Council Board of Directors heard a local economic development presentation and reviewed 13 Business Ready Community (BRC) grant requests and seven Community Development Block Grant (CDBG) requests at its Dec. 5 meeting in Cheyenne, Wyo.
The Business Council’s Agribusiness, Business and Industry, Rural Development/Wyoming Main Street, and Regional Office divisions reported to the board on their recent work. The board also heard an update from the Wyoming Economic Development Association (WEDA).
BUSINESS READY COMMUNITY GRANT APPLICATIONS
The board recommended the State Loan and Investment Board (SLIB) approve 13 grants totaling $15,336,605. If the recommendations are awarded by the SLIB, $1,147,712 will be left for the rest of the biennium. Before making the final recommendation to the board, staff reviews each application, conducts a site visit, and presents to a board subcommittee. Board recommendations will be forwarded to the SLIB for approval at their Jan. 17, 2014 meeting in Cheyenne at 8 a.m. in room 1699 of the Hershler Building.
ABOUT THE PROGRAM: The 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. The Business Council board is required by statute to forward BRC grant recommendations to the SLIB for final approval. 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
- Powell requested a $946,404 Business Committed grant to construct an 8,000 square foot steel frame warehousing facility, additional grain storage facilities, and a grain receiving area to enhance the business development of Gluten Free Oats. (Recommended to the SLIB in full)
Community Readiness applications
- Amoco Reuse Agreement Joint Powers Board requested a $5 million Community Readiness grant to install infrastructure in Platte River Commons Opportunity Area located on the old Amoco Refinery property in Casper.(Recommended to the SLIB as a $3 million BRC grant and a $2 million BRC loan)
- Casper-Natrona County, Wyoming Economic Development Joint Powers Board requested a $999,953 Community Readiness grant to construct a 30,000 square foot speculative building that will be expandable to 60,000 square feet. (Recommended to the SLIB in full)
- Jackson Hole Energy Sustainability Project Joint Powers Board requested a $766,665 Community Readiness grant to install a compressed natural gas (CNG) fueling station at Shervin’s Independent Oil. (Recommended to the SLIB as a $766,665 BRC loan)
- Laramie County requested a $1 million Community Readiness grant to construct a 4,354 square foot medical clinic and pharmacy building that will replace the current 2,300 square foot facility in Pine Bluffs.(Recommended to the SLIB in full)
- Lingle requested a $236,832 Community Readiness grant to construct a redundant transformer bank at the town’s substation. (Recommended to the SLIB in full)
- Ranchester requested a $977,500 Community Readiness grant to construct a 5,400 square foot building that will include three retail spaces, a 9,000 square foot outdoors farmers market space, and a 17,000 square foot parking lot with 32 spaces on property currently owned by the town. (Recommended to the SLIB in full)
- Teton County requested a $889,173 Community Readiness grant to construct 4,165 linear feet of eight-inch sanitary sewer, 1,550 linear feet of six-inch sanitary sewer, and a lift station to the area along South Highway 89 outside of the town of Jackson. (Recommended to the SLIB in full)
Community Readiness Downtown Development applications
- Casper requested a $1 million Downtown Development grant for the reconstruction of a two-block area along the Yellowstone Highway. (Recommended to the SLIB in full)
- Cheyenne requested a $562,248 Downtown Development grant and an $187,500 BRC Downtown Development loan to construct an elevated walkway from the city owned, Jack R. Spiker Parking Facility, across Pioneer Avenue, to the second floor of a proposed hotel. (Recommended to the SLIB in full)
- Gillette requested a $1 million Downtown Development grant to complete the Gillette Avenue infrastructure and streetscape. (Recommended to the SLIB in full)
- Rawlins requested a $1 million Downtown Development grant to rehabilitate the facades of up to 64 properties in the DDA/Main Street district. (Recommended to the SLIB in full)
- Torrington requested a $957,830 Downtown Development grant for a three part project. The project will renovate the façade and remodel the former Our Clothing Store, a 12,000 square foot retail building located on Main Street. (Recommended to the SLIB in full)
COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM
The board reviewed seven Community Development Block Grant (CDBG) program planning applications totaling $173,750. Before making the final recommendation to the board, staff reviews each application and presents to a board subcommittee.
ABOUT THE PROGRAM: The Business Council administers the Community Development Block Grant program (CDBG), which is a federally funded pass through grant program from the U.S. Department of Housing and Urban Development.
CDBG Planning Grant Applications
- Sublette County requested $50,000 for an economic development master plan. (Board approved in full)
- Evanston requested $50,000 for a rail access business park plan. (Board approved in full)
- Kemmerer requested $15,000 for a Wilcox Building study. (Board approved in full)
- Natrona County requested $15,000 for a Wyoming Medical Center Masterson Place study. (Board approved in full)
- Sweetwater County requested $25,000 for a judicial development plan. (Board approved in full)
- Evansville requested $15,000 for a secondary access study. (Board approved in full)
CDBG Technical Assistance Application
- Laramie County requested $3,750 for a CDBG Technical Assistance grant for the Laramie County Partnership Homeless Youth Project. (Board approved 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.