SLIB approves Lander BRC application Thursday

(Lander, WY) – This morning, the Wyoming State Loan and Investment Board (SLIB) approved Business Ready Community (BRC) Grant and Loan Program applications from the City of Lander.

SLIB considered the project after the Wyoming Business Council Board of Directors recommended funding for the BRC application at its Feb. 23, 2022, meeting in Cheyenne. A total of four projects were submitted.

“With three of the four projects this round revolving around planning, it shows just how important having a strong foundational plan is to being able to truly build economic development impact at the local level,” said Bert Adam, WBC Investments Director.

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The SLIB unanimously approved the following project from Lander:

Community Readiness Application 

The City of Lander requested an $889,105 community readiness grant to develop a 3.94-acre site which will house a future assisted living and memory care facility. The facility is to be constructed at 1400 Bishop Randall Drive, located between Sage West Hospital and the Lander Golf Course. The site is city-owned and requires water, sewer, street upgrades, three-phase power, fiber conduit, and natural gas to be shovel-ready.

SLIB upheld the WBC board’s previous approval contingent upon a letter of intent for full funding of the actual facility construction and, in the event the building and site are leased or sold to a private entity, a Revenue Recapture Agreement be executed with at least 25% of net proceeds returning to the BRC account.

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