Business Council extends public comment period on changes t
08.25.2009 – CHEYENNE - The Wyoming Business Council is extending the public
comment period for proposed rule changes that would streamline existing
community and economic development grant and loan programs.
Comments on the rule changes may be sent to Molly Davies at
email@example.com or 214 W. 15th St., Cheyenne, WY, 82002. The
Business Council will accept public comment until 5 p.m., Sept. 30. The proposed
rules are available at www.wyomingbusiness.org.
The programs impacted by the proposed changes are the Business Ready
Community Grant and Loan Program (BRC) and the Community Facilities Grant and
Loan Program (CFP). The proposed changes would become effective July 1, 2010.
Recommended changes to the CFP and BRC programs include:
• Lower maximum awards and higher match requirements - BRC and CFP projects
will generally have lower maximum awards and higher matches, except Business
Committed projects that will directly create jobs in which the match is not
recommended to change.
• Community Facilities - CFP applications will be accepted once a year with an
annual set-aside of $4 million. Maximum awards will be reduced to $1 million.
• Community Readiness Infrastructure - The Business Council proposed $7 million
be set aside annually for BRC readiness infrastructure projects with maximum
awards of $1 million.
• Child Care - Evaluation of all BRC child care projects will occur at one time. The
Business Council proposes a cap of $4 million in available funds for child care
projects. Starting in the next biennium, child care projects will have a maximum
award of $1 million each. Additionally, the Business Council is proposing the
creation of a federally funded micro loan program using Community Development
Block Grant (CDBG) dollars. Small loans would be available to home or center-
based child care providers to cover costs associated with becoming licensed,
adding capacity, and creating jobs.