A state loan board has awarded half a million dollars, each, to fund projects in Sheridan and Gillette.
The project in Sheridan is an adult day care facility for the senior center, and in Gillette, a street and public plaza enhancement.
The grants fund both projects, in full, and will come from the Wyoming State Loan and Investment Board, known as SLIB. The announcement was made following a meeting of the board in Cheyenne.
The Wyoming Business Council administers the BRC program, which provides the financing for publicly owned infrastructure that serves the needs of businesses and promotes economic development and diversity within Wyoming communities.
The Business Council Board of Directors is required by state statute to forward all BRC recommendations to the SLIB for final approval. The Business Council board made its funding recommendations to the SLIB at its May 29 meeting in Laramie.
The SLIB is comprised of the five statewide elected officials, who are: Gov. Matt Mead, Secretary of State Max Maxfield, State Treasurer Mark Gordon, State Auditor Cynthia Cloud, and State Superintendent of Public Instruction Cindy Hill.
Shawn Reese is the business council's CEO. Of the 19 grants approved this round for a total of nearly $16.3 million, he said, the projects are as diverse as the communities. “We've got some very small communities with very unique needs and opportunities,” he said, “and then larger cities in the mix, as well.”