Business Council Meets in Cody Tomorrow
Written by Andrew-Rossi on September 5, 2018
The Wyoming Business Council Board of Directors will consider seven Business Ready Community funding requests during its meeting in Cody tomorrow.
At the meeting, which will begin at 8 a.m. at the Holiday Inn, three projects in the Big Horn Basin will be considered for funding.
Cody is requesting a $3 million Business Committed grant and a $3 million loan to construct a facility for the expansion of Gunwerks firearms production. The building will be built on five acres purchased by Gunwerks and valued at $265,000, on the north side of Cody, then deeded to Forward Cody. In five years, the project is expected to create 52 jobs, retain 58 jobs, increase payroll over $3 million and provide the business an opportunity for consolidation and possible relocation of corporate officers from Salt Lake City.
Powell is requesting a $2.6 million-dollar Community Development Readiness grant to construct a conference and community center adjacent to a privately financed, 70-80-room hotel. The conference center will have the capacity to hold 200-250 people and will contain a commercial kitchen. This project is a public-private partnership that will invest nearly $9 million in Powell and increase Powell’s room capacity by 50%.
And Big Horn County requests a $185,000 Community Development Enhancement grant for the purchase and installation of a 250-foot Magic Carpet style surface lift for beginner skiers at the Antelope Butte Mountain Recreation Area. This project will create jobs, benefit youth and families by providing year-round recreational, training and educational experiences, and benefit local businesses and communities through increased tourism activities.
The Wyoming Business Council Staff is recommending that the Board fully fund each of these projects.