085-1 Wyo. Code R. §§ 1-13 - Grant Match Requirements

(a) BRC loans do not require a match.

(b) A BRC loan can be used to satisfy the grant match requirement.

(c) A grant for a planning project shall require a minimum match of twenty-five percent (25%) of total eligible project activities.

(d) The total required match is based on total eligible project costs.

(e) Applicants must provide five percent (5%) of the required match for the project.

(i) Eligible in-kind sources of match funds include property, building(s) and other sources as determined by Council staff.

(ii) Ineligible in-kind sources of match funds include operations, maintenance, grant writing, grant administration and other as determined by Council staff.

(f) For Business Committed applications, the committed business must contribute to the project in at least one of the following ways:

(i) Contribute to the eligible cash match;

(ii) Contribute to the ineligible cash match; or

(iii) Contribute other investments into the project.

(g) The following is a breakdown of the required match percentages by category:

BRC Required Match
	Category 1 Applicant	Category 2 Applicant	Notes
Business Committed Community Readiness Community Project Planning	20% 20% 20% 25%	10% 10% 10% 25%	Half of match must be cash Half of match must be cash Half of match must be cash Half of match must be cash
All matches are calculated as a percentage of total eligible project cost.

(h) Applicants for all projects are categorized based on population and local government share of state sales and use tax per capita. Categories determine the required match. Sales and use tax figures are updated annually by the Wyoming Department of Revenue and population figures are updated every five years by the U.S. Census Bureau. Sales and use tax figures used for category determinations will be an average of the three most recent years' data available. A schedule of categories will be regularly updated and posted on the Wyoming Business Council website.

(i) Category One applicants are those municipalities with a population greater than 1,300.

(ii) Category Two applicants are those municipalities with a population under 1,300 or are located in a county where the three-year average of the local government share of state sales and use tax per capita is less than seventy percent (70%) of the statewide average.

(iii) In the event the applicant is a joint powers board, the project's location will determine its categorization.

Notes

085-1 Wyo. Code R. §§ 1-13

Amended, Eff. 7/25/2016. Amended, Eff. 6/16/2021. Amended, Eff. 2/2/2022. Amended, Eff. 10/24/2022. Amended, Eff. 11/9/2023.