Riverton grant request for purchase of Honor Farm land on WBC agenda this Thursday

(Casper, Wyo.) –  The Wyoming Business Council Board of Directors will tour a local company, hold a public reception and meet with the Joint Subcommittee on Economic Development during its next board meeting on Aug. 27-28 in Powell. The Board will also be asked to approve a $1.4 million grant request from the City of Riverton for a land purchase (see details below).

The board will also review applications for Business Ready Community (BRC) grant requests during its Aug. 28 meeting, which begins at 8:30 a.m. at the Commons at Pond Park (135 North Bent Street).

Additionally, the Business Council’s directors of the Agribusiness and Business and Industry divisions and the Northwest Regional Office will report on their recent work.

The Aug. 27-28 agenda is copied below

If unable to make the meeting in person, the public may listen to the meeting via telephone by calling toll-free 1.866.931.7845 and using the conference code #589138. Board meeting materials are available for review atwww.wyomingbusiness.org/content/board_meeting_materials.

BUSINESS READY COMMUNITY GRANT APPLICATIONS

The board will review 12 applications totaling $1,802,892. Business Council staff reviews each application, conducts site visits or conference calls in the case of planning grants, and makes presentations to a board subcommittee before making the final recommendations to the full board.

The board’s recommendations for Community Readiness and Planning projects will be presented to the State Loan and Investment Board (SLIB) at its Oct. 2 meeting held at 8 a.m. in room B-63 of the Herschler Building in Cheyenne.

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 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 Community Readiness applications

  • Riverton requests a $1,445,217 Community Readiness grant for the purchase of land located north of Federal Boulevard between Webbwood and Honor Farm roads to be developed for future community growth. (Staff recommends funding in full)

BRC Planning applications

  • Albany County requests a $25,000 BRC Planning grant to study the feasibility of an Albany County Events Center. (Staff recommends funding in full)
  • Buffalo requests a $24,338 BRC Planning grant for a feasibility study related to the Eastern Corridor Technology Park. (Staff recommends funding in full)
  • Dubois requests a $25,000 BRC planning grant to study the feasibility of marketing Dubois as a destination for adventure and education-based tourism. (Staff recommends funding in full)
  • Guernsey requests a $22,500 BRC Planning grant to develop options and costs for Rollins Road from U.S. Highway 26 to the South Guernsey Highway (1.2 miles of gravel road). (Staff recommends funding in full)
  • Kaycee-Buffalo-Johnson County Economic Development Joint Powers Board requests a $20,212 BRC Planning grant for a feasibility study related to the Eastern Corridor Industrial Park. (Staff recommends funding in full)
  • Laramie requests a $50,000 BRC Planning grant for a retail leakage analysis and strategic plan. (Staff recommends funding in full)
  • Laramie County requests a $25,000 BRC Planning grant to study the effects of fees and regulations linked to economic development and whether those are an impediment in Laramie County. (Staff recommends funding in full)
  • Platte County requests a $50,000 BRC Planning grant to develop an energy and transmission plan for southeast Wyoming. (Staff recommends funding in full) 
  • Thayne requests a $46,875 BRC Planning grant to develop an economic and community development plan targeted at attracting technical industries such as data centers. (Staff recommends funding in full)
  • Upton, in cooperation with the Weston County Development Board (WCDB), requests an $18,750 BRC Planning grant to study the feasibility of a multi-purpose community facility in the city park. (Staff recommends funding in full)
  • Wheatland requests a $50,000 BRC Planning grant to address the 16th Street reconstruction project. (Staff recommends funding in full)

BRC Award Revision

Laramie County was previously awarded a $13 million grant from the Governor’s BRC Large Business Infrastructure Fund for the purchase and renovation of an existing 67,096 square-foot facility and construction of a new 108,000 square-foot manufacturing facility for the recruitment of Magpul Industries.

  • Laramie County requests a reduced award of an $8.3 million grant to acquire an existing building in the Cheyenne Business Parkway. (Staff recommends reducing the amount of the grant from $13 million to $8.3 million.)

 WYOMING BUSINESS COUNCIL

BOARD OF DIRECTORS

TENTATIVE AGENDA

Aug. 27-28, 2014

Powell, Wyo.

Wednesday, Aug. 27, 2014 – Northwest Community College – Trapper Room

8 a.m.               Open meeting with Joint Subcommittee on Economic Development and                                                                         Business Council Board of Directors, Northwest Community College

Noon                 Lunch on own

1 p.m.               Open Session continues

3:45 p.m.           Tour of Gluten Free Oats and Open Reception

6:30 p.m.           Board/Staff Dinner

THURSDAY, Aug. 28, 2014 – The Commons at Pond Park

8:30 a.m.          Public Meeting Begins

                                  Call to Order – Rex Lewis, Co-Chair

                                  Welcome & Introductions

                                  Minutes Approval from May 29, 2014

9 a.m.              Agribusiness Update – Cindy Weibel, Division Director

9:15 a.m.            Personnel, Budget, and Audit Committee – Mike Wandler, Chair

                                  Financials – Diane Joyce, Chief Financial Officer

                                  Appointment of Board Member to Wyoming Economic & Workforce Development, Inc. [501(c)(3)]

                                  Personnel Report

9:45 a.m.           Business and Industry Update – Ben Avery, Division Director

                                  WY Economic Development Association

                                  WY Chamber Partnership

10:05 a.m.         Business Development Committee – Cactus Covello, Chair

                                  University of Wyoming Contracts

                                             Small Business Development Center

                                             Procurement Technical Assistance Center

                                             WY Women’s Business Center

                                  Loan/Portfolio Program

                                             Loan Policy Revisions

                                             Small Business Investment Companies (SBIC) Fee

                                  Reports:

                                             Past Due Report

                                             Charge Off Balances

                                             Loan Loss Reserve Analysis

10:40 a.m.        Break

11 a.m.             Community Development Committee – Jim Espy, Chair

                                  Business Ready Community (BRC) Grant and Loan Program

Noon                 Lunch – Provided for Board and Staff

1 p.m.               BRC Applications Continued

2:15 p.m.          North West Regional Report – Leah Bruscino, Regional Director and Director of Field Operations

2:30 p.m.          CEO Report

2:45 p.m.          Other Business/ Next Board Meeting & Adjournment

                                  Next meeting: December 3-4, 2014 – Lusk, WY

The mission of the Wyoming Business Council is to facilitate the economic growth of Wyoming. The Business Council provides assistance for Wyoming businesses and start-ups, helps communities meet their development and diversification needs and recruits firms and industries that complement Wyoming’s assets. For more information, please visitwww.wyomingbusiness.org.

–Provided by the Wyoming Business Council