Wyoming Business Council considers rule changes for grants and loans

(Cheyenne, Wyo.) - Proposed changes to rules governing the Wyoming Business Council’s Business Ready Community (BRC) grant and loan process are open for a final public comment period through April 30. The state economic development agency’s BRC program provides assistance to build publicly owned infrastructure that serves the needs of businesses and promotes economic development in Wyoming communities. Changes to the rules are designed to make the program more accessible, accountable, sustainable and simpler to use. Highlights of the proposed rules include consolidating Downtown projects into the Community Readiness category and merging senior care, childcare and workforce attraction projects into the Community Enhancement category. The proposed rules would base grant match requirements on the population and sales tax revenues of the community. The changes would make the BRC program more accessible to smaller towns by reducing the match they are required to provide. The changes limit the number of readiness, enhancement and planning grants to one each per applicant in a calendar year. The BRC program would improve its sustainability by requiring a minimum 25 percent revenue recapture from supported projects. A draft of the proposed rule changes is available at Email comments to Business Ready Community Program Manager Julie Kozlowski at Mail comments to Wyoming Business Council, c/o Julie Kozlowski, 214 W. 15th St., Cheyenne, WY 82002. For more information, contact Kozlowski at 307-777-2812. The Wyoming Business Council Board of Directors will consider the proposed rule changes for final approval at its May 26 meeting in Rock Springs. *Feature Photo: Wyoming Business Council March Board Meeting. h/t Wyoming Business Council / Pitchengine Communities* #buckrail #news