WyoTech Lives On
Written by Andrew-Rossi on May 23, 2018
Gov. Matt Mead authorized a loan Monday of up to $5 million for the operation of WyoTech Institute in Laramie.
Following an announcement by WyoTech’s parent company that it would shut down the campus, founded in Laramie in 1966, the Wyoming Legislature and Gov. Mead empowered the Wyoming Business Council to solicit proposals for the continued operation of WyoTech and appropriated $5 million to help a new owner purchase the school.
The loan, along with a large equity investment, will be used by DBJJDM Enterprises to purchase the assets of WyoTech and for ongoing operations. WyoTech is expected to employ 95 workers in the next two years.
Governor Mead expressed his appreciation to the community of Laramie, state legislators, education leaders and others who worked with his office to evaluate all options to keep WyoTech operating.
Shawn Reese, CEO of the Business Council, pointed out that WyoTech is a fixture in Albany County and Wyoming, and bolsters Wyoming’s workforce in an industry seeing increasing demand for skilled workers.