State board approves $8 million in BRC project requests
The State Loan and Investment Board approved $7,985,627 million in Business Ready Community project requests at its Thursday morning meeting.
Projects in five communities will move forward with the help of these grants and loans. BRC funding finances publicly-owned infrastructure that serves the needs of businesses and promotes economic development and diversity within Wyoming communities.
The Wyoming 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 and loan recommendations to the SLIB for approval. The SLIB is comprised of the five statewide elected officials: the governor, secretary of state, state auditor, state treasurer and state superintendent of public instruction.
- The Jackson Hole Airport Board requested a $1,500,000 grant and $1,000,000 loan to construct a pipeline and related improvements to convey wastewater from the airport to the town of Jackson’s wastewater treatment facility. The project will allow the airport to continue operations and increase passenger traffic. It will also reduce operating costs and long-term replacement costs compared with an onsite treatment plant. The Board approved funding the $1,500,000 grant and a $500,000 loan.
- Laramie requested a $2,685,750 grant and $209,250 loan to construct a 12,150 square-foot building to house vertical hydroponics manufacturer Bright Agrotech. The Laramie Chamber Business Alliance will provide a 3.85-acre lot in the Laramie River Business Park. The company is a Wyoming Technology Business Center incubator graduate. The project is expected to create 40 jobs in the next three years. The Laramie Chamber Business Alliance expects to recoup $695,000 in lease payments to be used toward future economic development opportunities.
- Alpine requested a $1,538,944 grant and $226,683 loan to purchase property from the Wyoming Game and Fish Department, in addition to extending and upgrading an existing road and an 8-inch water main. The project will improve fire suppression, system reliability and recreational lake access. The property has garnered commercial interest.
- Greybull received a 900000 grant for road and sewer improvements to its 28.3-acre business park. Interest in the area is high. By early June, 11 of 15 available lots will be sold to five businesses expanding in the Bighorn Basin. Those expansions will add seven to 10 jobs in the community.
The Town of Cowley requested and received a $425,600 grant to expand the Cowley Community Center. The money will be used to renovate the Rasmussen building adjacent to the historic Cowley log gym. The addition of a commercial kitchen in the Rasmussen building will expand the type of events that can be hosted in both buildings. The Rasmussen building will be used for 4-H meetings, classes from the University of Wyoming and Northwest College, training space for local business needs and after-school or summer recreation classes.