085-1 Wyo. Code R. §§ 1-5 - Type of Projects
(a) An
infrastructure project is a project that funds the construction of physical
structures and facilities including the purchase of land, buildings,
facilities, telecommunications infrastructure, rights of way, airports, sewer
and water projects, roads, landscaping, recreational and convention facilities
and like expenditures. The Council may recommend, and the Board may approve,
upon a finding of extraordinary circumstances, that a higher funding amount
and/or a lower match amount is consistent with the purpose of the BRC.
(i) A Business Committed Project is a project
in which an applicant has a business committed to start-up, expand, locate or
retain jobs in the community. The applicant must demonstrate that new primary
jobs, at or above median wage and at the state industry average wage, will be
created or retained by the business. The maximum grant amount per project is
five million dollars ($5,000,000). Funding in excess of the maximum grant
amount may be applied for as a BRC loan.
(ii) A Community Readiness Project is a
project which has no specific business committed to expand or locate in a
community. The community wants to build infrastructure to ready itself for new
business development under a specific strategy or plan of action. The applicant
must demonstrate potential exists for creation of new primary jobs. The maximum
grant amount per project is five million dollars ($5,000,000). Funding in
excess of the maximum grant amount may be applied for as a BRC loan.
(iii) A Community Project is a project in
which an applicant wants to improve the community's aesthetic character or
quality of life in order to make itself more attractive for business
development or workforce attraction and/or retention under a specific strategy
or plan of action. Landscaping and streetscaping enhancements must be located
in commercial districts, sites of business activity or high visibility areas.
Recreation, convention or cultural centers must have a draw greater than the
jurisdictional boundaries of the applicant. The maximum grant amount for
Category 1 applicants is five hundred thousand ($500,000) per project and the
maximum grant amount for Category 2 applicants is seven hundred fifty thousand
($750,000) per project. Funding in excess of the maximum grant amount may be
applied for as a BRC loan.
(b) A planning project is a project in which
an applicant creates or further develops a community's economic development
strategy and outlines an implementation plan.
(i) An Economic Development Plan assesses the
economic capabilities of the community as a whole and identifies potential
future economic development opportunities. This may include regional targeted
industry plans. The maximum award is one hundred thousand ($100,000).
(ii) A Feasibility Study is a site-specific
or industry-specific plan to determine the feasibility of a project to meet
economic development objectives or remove barriers to economic growth. The
maximum award is fifty thousand ($50,000).
Notes
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