Wyoming Business Council (WBC)
Grants of up to $25,000 and grants of up to $50,000 to Wyoming agencies and Indian tribes to support planning and feasibility studies for projects that will spur economic development and tourism. Applicants must consult with a regional director to discuss their project. Draft applications are due at least two weeks before the deadline.
Applicants may request support for projects that are currently in the planning stage. Eligible projects include local economic development strategies, promotional plans, feasibility studies, tourism plans, and regional targeted industry plans.
There are five types of planning grants available:
1) Economic Development plans (Up to $50,000) - These are plans that address the community as a whole and identify potential future economic development opportunities and further develop a community's economic development strategy. (This is not intended to be used for community development plans such as land use plans, zoning plans, etc.) The plan, if implemented, will potentially lead to the creation of new primary jobs and/or retention of existing primary jobs. The plan will also address sources of funding to implement the plan.
2) Feasibility Studies (Up to $25,000) - These are site specific or industry specific plans must determine the feasibility of a project or plan for a project that addresses an economic development objective. The plan, if implemented, will potentially lead to the creation of new primary jobs and/or retention of existing primary jobs. The plan will also address sources of funding to implement the plan.
3) Promotional Plans (Up to $25,000) - These are plans that specifically address the promotion of a community's economic development asset(s). Examples would be branding or downtown development. The plan, if implemented, will potentially lead to the creation of new jobs and/or retention of existing jobs. The plan will also address sources of funding to implement the plan.
4) Tourism Plans (Up to $25,000) - These are plans that address economic development opportunities for a defined region or community that specifically focuses on the tourism and hospitality industry. The plan, if implemented, will potentially lead to increased visitation to the destination, which would in turn, increase local sales and lodging tax collections to add to the local economy. The plan will also address sources of funding to implement the plan.
5) Regional Targeted Industry Plans (Up to $50,000) - These are plans that encompass a defined region and potential targeted industries for economic development growth. The plan, if implemented, will potentially lead to the creation of new primary jobs and/or retention of existing primary jobs. The plan will also address sources of funding to implement the plan.
GrantWatch ID#: 176710
-Economic Development Plans: Up to $50,000
-Feasibility Studies: Up to $25,000
-Promotional Plans: Up to $25,000
-Tourism Plans: Up to $25,000
-Regional Targeted Industry Plans: Up to $50,000
Counties, incorporated cities, towns, and joint powers boards (with approval of all member agencies) may apply. The WBC may enter into contracts/cooperative agreements with Eastern Shoshone and Northern Arapaho Tribes.
Applications will be accepted on a quarterly basis as follows:
- March 1, 2018
- June 1, 2018
- September 1, 2018
- December 1, 2018
Applicants must first schedule a consultation with WBC Regional Directors. The WBC Regional Director must be consulted with during the application process and provided sufficient opportunity to provide written review and recommend adjustments to the application. The Regional Director, as part of the application, must provide preliminary comments about the plan, addressing how the plan aligns with regional economic and community development endeavors, and stating any early concerns that the Regional Director may have. An early consultation with the Regional Director will allow the applicant to begin addressing those concerns before the application is submitted.
This is a requirement of submission. If you do not provide a copy of the draft application to your regional director two weeks prior to the grant deadline and obtain their signature, your application will not be complete and will not be accepted.
The review process includes an initial WBC staff screening and report to WBC Board. The WBC Board will make recommendation to the State Loan and Investment Board (SLIB). The SLIB will determine grant awards. Applicants will be notified of all meetings. Timing of the approval process will depend on when the application is received and WBC and State Loan and Investment Board (SLIB) meeting schedules. Applicants are strongly encouraged to attend the WBC and SLIB meetings at which their project is to be discussed. Costs may not be incurred prior to a signed grant agreement, typically 4 weeks after a SLIB decision.
A local cash match of twenty-five percent (25%) of total eligible project costs for planning grants is required. CDBG funds cannot be used as all or part of the required cash match.
Applicants shall submit one copy of the completed application to the WBC Regional Director, three original complete applications to the WBC staff in Cheyenne, and one electronic copy of the completed application. See the application document in Supporting Documents below for a list of regional directors.
Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.
Send 3 hard copies and 1 electronic copy of completed application to:
Karen Fate / Brayden Connour, Project Managers
Business Ready Community Grant and Loan Program
Wyoming Business Council
214 W. 15th Street
Cheyenne, WY 82002
Phone: 307.777.2827/ 307.777.2811
Cell: 307.214.0168/ 307.214.0270