$5.7M grant, loan combo recommended for Lander; final approval pending

Lander's Main Street (County 10)

UPDATE: A Lander Councilmember has let us know that the property for the new facility is not city-owned, but privately owned.

(Lander, WY) – At their March 10th virtual meeting, the Wyoming Business Council Board of Directors unanimously recommended three projects for the Business Ready Community Grant and Loan Program (BRC) including one from the City of Lander.

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They applied for a $3 million grant and $2.7 million loan combination from the BRC to construct a 22,500 square-foot facility on 1.54 acres of privately-owned property for the Maven headquarters. The site lends itself to further expansion, as it is adjacent to Central Wyoming College – Lander campus and the Lander Economic Development Association’s (LEDA) Enterprise Park. The funding will allow them to expand their product lines and sale as well as create 23 new jobs.

Final approval for this BRC recommendation will come from the State Loan and Investment Board (SLIB) on April 8th. The board is comprised of the five statewide elected officials: theGovernor, Secretary ofState, StateAuditor, StateTreasurer, and State Superintendent of Public Instruction.

“Theseprojectsdemonstrate Wyoming’sentrepreneurialspiritandare good examples of projects that help create new opportunities for Wyomingites,” said Josh Dorrell, Business Council CEO.

“Whether it’sbypivoting to capture new markets, continuing to grow Wyoming’s burgeoning tech scene, oropening access to air travel for Wyomingbusinesses and citizens,each of these projectsworksto create good jobs and better lives for people in Wyoming.”

The Board also emphasized their ongoing efforts to execute Wyoming’s economic development strategy, which includes continuing to improve the BRC Program. Board work is planned to continue to examine BRC review processes.

The Business Council board of directors also unanimously recommended the following projects: 

Laramie County requested a $2.25 million BRC Managed Data Center Cost Reduction grant to reduce utility and broadband costs for VM Accel’s Accelerated Data Center in downtown Cheyenne. The company offers high-performance computing services for workloads including artificial intelligence (AI), machine learning, video transcoding, weather modeling, data analysis, and more. The company is required to contribute 125% or $2.8 million in capital investment and payroll.

The Rock Springs-Sweetwater County Airport Board requested a $3 million BRC grant to modernize the Southwest Wyoming Regional Airport’s commercial airline terminal through renovation and expansion. This project will also enable the development of over 170 acres of land that can be marketed to aerospace or other industry.

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