SLIB Awards Nearly $3.5 Million to Sheridan

Sheridan economic development receives a boost from the Wyoming Business Council and SLIB.
Sheridan economic development receives a boost from the Wyoming Business Council and SLIB.

The State Lands and Investment Board, or SLIB, met this morning to vote on grant applications submitted by various Wyoming municipalities. Mayor Dave Kinskey phoned Sheridan Media this morning with good news.

The City of Sheridan was awarded $2,589,913 for the infrastructure of the high-tech park, located on recently annexed land between the City of Sheridan and the Wrench Ranch.

Sheridan County was awarded $978,000 to purchase office space for the high-tech business incubator, located on Industrial Road east of Sheridan.

The Wyoming Business Council administers both the BRC and CFP programs. The Business Council Board of Directors is required by statute to forward all its BRC and CFP recommendations to the SLIB for final approval. During its June 3, 2010 meeting in Riverton, Wyo., the board recommended the SLIB approve funding for five BRC applications and one CFP application. The board’s recommendations and more in-depth project reviews are available at http://www.wyomingbusiness.org.

The SLIB is made up of the five statewide elected officials: Gov. Dave Freudenthal, Secretary of State Max Maxfield, State Treasurer Joe Meyer, State Auditor Rita Meyer, and State Superintendent of Public Instruction Dr. Jim McBride. Before the Business Council Board makes its recommendation to SLIB, staff reviews each application, conducts a site visit, clarifies questions with the applicant, presents to a board subcommittee and makes a recommendation to the board.

The Business Council, a state government agency, concentrates its efforts on providing assistance for existing Wyoming companies and start-ups, helping communities meet their development and diversification needs, and recruiting new firms and industries targeted to complement the state’s assets. The agency is run by a board of directors and a chief executive officer.

The mayor says that the vote to award the money was unanimous.

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