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					    Part A. Summary of BRC Proposals and Recommendations


    Business Ready Community Grant and Loan Program
    Wyoming Business Council Report and Recommendations
    January 24, 2008


Front Pocket   Approved June 21, 2007 Business Ready Community Minutes
               Draft Minutes
  Tab 1
                    October 4, 2007 Business Ready and Community Facility Minutes(ACTION ITEM)
               A. Summary of BRC Proposals and Recommendations                                 Page
                    1. Proposals Received and Recommendations                                    2
                    2. Available Funding                                                         2
                    3. Recommendations are Contingent                                            2
                    4. Evaluation Criteria and Ranking                                          2-3

               B. Proposals Received and Recommendations (ACTION ITEMS)
                    1. Laramie, Building for Trihydro Expansion                                   4-10
                    2. Natrona County, Bishop Industrial Rail Spur                               11-13
                    3. Lusk, Lusk Business Park                                                  14-15
  Tab 2             4. Tiger Joint Powers Board (Lander and Fremon Co. School Dist. No. 1)
                       Downtown Business Park, Phase II                                          16-17
                    5. Green River, Green River Visitors Center                                  18-19
                    6. Cowley, Main Street Freestanding Façade                                   20-21
                    7. Douglas (CANDO) Business Incubator & Workforce Training Center            22-24

               Appendix A
                   November 7, 2007 letter from city of Laramie and LEDC to WBC staff            25-29

               Appendix B
                   BRC Program Funding Overview                                                  30-31




    Business Ready Community Grant and Loan Program
    WBC Report and Recommendations
    January 24, 2008

                                                                                             1
      Part A. Summary of BRC Proposals and Recommendations


      A.       Summary of BRC Proposals and Recommendations

      1.       Available Funding: See Appendix B for detailed program financial information.
                                                  Available Funds Summary

       Available Funds                                                                                $    16,186,233
        Data Center Grants                                                $           5,000,000
        WBC Commitment to NCAR                                            $           4,500,000
       Total Available for BRC Infrastrcuture Grants                                                  $     6,686,233
      2.     Proposals Received and Recommendations:           The following table shows the seven
      complete applications (in alphabetical order by grant type) received for consideration for the
      December 2007 Wyoming Business Council meeting. Full project descriptions and analyses can
      be found in Part B.

Laramie                                    Business Committed      Trihydro-Economic Development Office Building       $   3,000,000
Douglas            CANDO                   Community Readiness     CANDO Incubator & Workforce Training Center         $   1,500,000
Lusk                                       Community Readiness     Lusk Industrial Park                                $   1,500,000
Natrona County                             Community Readiness     Bishop Industrial Rail Park Rail Spur               $   1,500,000
Tiger JPB (Lander)                         Community Readiness     Lander Business Park Phase II                       $     695,000
Cowley                                     Community Enhancement   Cowley Mainstreet Enhancements                      $     500,000
Green River                                Community Enhancement   Green River Visitor's Center                        $     250,000

                                                                   Total Requests                                      $ 8,945,000

      3.      Recommendations are Contingent: Recommendations for all Business Committed
      projects are contingent on a favorable review of the proposals by the Attorney General. Other
      contingencies may be spelled out in the project descriptions.

      4.      Evaluation Criteria and Ranking The WBC evaluates a proposal independent of other
      proposals and utilizing one or more of the criteria and measures found in the following chart.
      There may be other aspects of the proposal which cause a proposal to not be recommended for
      funding. In addition to the evaluation criteria set in rule, applicants are asked to compare jobs to
      be created with the Wyoming Self Sufficiency Standard wage rate for the county. The Self-
      Sufficiency Standard measures how much income is needed for a family of a certain composition
      in a given place to adequately meet their basic needs including: housing, child care, food,
      transportation, health care, and taxes. For the purposes of BRC, Self Sufficient Wages for thirty-
      some common family types, all headed by a single wage earner were averaged.




      Business Ready Community Grant and Loan Program
      WBC Report and Recommendations
      January 24, 2008

                                                                                                                   2
 Part A. Summary of BRC Proposals and Recommendations




                                                                                                                                                                                                                                                                                                                                                                                                                      Improved Ability to Retain, Attract, Expand Businesses
                                                                                                                                                                                                                                                                                                                                                                  Community/Economic Dev. Goals Related to Specific
                                                                                                                Future Creation (Additional Business Ready Space)




                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Improved Workforce or Entrepreneurial Training
                                                                                                                                                                    Wages Exceed Self Sufficiency, Mean or Median




                                                                                                                                                                                                                                                                                          Builds upon Unique Assets and Market Niches




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Economic Development Recapture Plan
                                                                                                                                                                                                                                               If not new wealth, then Social Services
                                                                             Direct Creation over Three Years




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Increase in Business Revenue
                                                                                                                                                                                                                    New Wealth in Community




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Increase in Market Share
                                                                                                                                                                                                                                                                                                                                        Diversification Efforts




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Business Recruitment

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Business Expansion

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Private Investment
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Business Startup




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Business Plan
Board Matter




                                                                                                                                                                                                                                                                                                                                                                  Plan
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Staff
                                                                Request              Job Creation                                                                                                                                             Community/Workforce Development                                                                                                                                                                                                                                                                                                                         Business Development
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Recommendation
          1    Laramie-Trihydro                             $    3,000,000      +                                     +                                                  +                                            +                        NA                                              +                                          +                                       +                                        +                                                                                                       +                                                                             +                    +                      +                            +                +                        $      1,500,000
          2    Natrona County Bishop Industrial Rail Park   $    1,500,000                                                                                                                                                                     NA                                              +                                          +                                       +                                        +                                                                                                       +                                                                                                                                                                                                $      1,500,000
          3    Lusk Business Park                           $    1,500,000                                                                                                                                                                     NA                                                                                         +                                                                                +                                                                                                                                                                                                                                                                                                        $      1,500,000
          4    Tiger JPB Downtown Business Park Phase 2     $      695,000                                                                                                                                                                     NA                                                                                                                                 +                                        +                                                                                                     +                                                                                                                                                                                                  $        451,150
          5    Green River Tourist Visitor Center           $      250,000                                                                                                                                                                     NA                                              +                                                                                  +                                                                                                                                             NA                                                                                                                                                                                                  $        200,000
          6    Cowley-Main Street Façade                    $      500,000                                                                                                                                                                     NA                                              +                                                                                  +                                                                                                                                             NA                                                                                                                                                                                                  $        300,000
          7    Douglas (CANDO) Business Incubator           $    1,500,000                                                                                                                                                                     NA                                                                                                                                 +                                                                                                +                                                                                                                                                                                                                                                $              -

               Total Business Committed Request (2)         $    3,000,000                                                                                                                                                                                                               Total Business Committed Recommendations                                                                                                                                                                                                                                                                                                                                                                                                   $      1,500,000
               Total Community Readiness Request (4)        $    5,195,000                                                                                                                                                                                                               Total Community Readiness Recommendations                                                                                                                                                                                                                                                                                                                                                                                                  $      3,451,150
               Total Community Enhancement Requests (2)     $      750,000                                                                                                                                                                                                               Total Community Enhancement Requests                                                                                                                                                                                                                                                                                                                                                                                                       $        500,000
               Total Requests                               $    8,945,000                                                                                                                                                                                                               Total Recommendations                                                                                                                                                                                                                                                                                                                                                                                                                      $      5,451,150
                                                                                                                                                                                                                                                                                         Amount Available                                                                                                                                                                                                                                                                                                                                                                                                                           $      6,686,233
                                                                                                                                                                                                                                                                                         Balance Available to End of Fiscal Year                                                                                                                                                                                                                                                                                                                                                                                                    $      1,235,083

 Business Ready Community Grant and Loan Program                                                                                                                                                                                                               WBC Report and Recommendations
 January 24, 2008
                                                                                                                                                                                                                                                                                                                                                                  3
Part B. Proposals Received and Recommendations


       1.             Laramie, $3,000,000 Business Committed Request
                      Building for Trihydro Corporation Expansion

Project Description:      The city of Laramie requests a $3M Business Committed grant to
construct a 16,000 square foot office building in the Laramie River Business Park. The Laramie
River Business Park is owned by the Laramie Economic Development Corporation (LEDC).
The Trihydro Corporation intends to purchase from LEDC a 1.67 acre lot in the business park
adjacent to the company s existing facility. The lot will then be conveyed to the city. Ten
thousand square feet of the building will be initially occupied by Trihydro, and the remaining
6,000 square feet will be used as speculative office space leased out by the city until Trihydro s
staff grows large enough to occupy the additional space.

Project Goals: The primary goal of the project is to create space for Trihydro s expansion and
the creation of 18 jobs over a three year period with average wages in the third year over $30/hr.
Another goal of the project is to provide speculative office space for similar businesses. The
6,000 square feet will be leased to future business for an estimated 10 years, or until Trihydro is
able to expand into that space. The speculative space will be marketed to businesses emerging
from the University of Wyoming Technology Business Center.

Project Funding: The $3M grant represents BRC Amount                                $ 3,000,000
89% of the total project costs. The remaining Cash Match (Project Manager)          $      48,000
11% equates to the value of the land
                                                 In Kind Match (Land, Engineering)  $ 340,981
($291,000), contributed engineering services
                                                 Total Project Cost                 $ 3,388,981
($50,000), and $48,000 from Trihydro to be
                                                 Percent of Total, BRC                        89%
used by the city to help defray costs for a
                                                 Percent of Total, Local                      11%
project manager to oversee the project.1 The
$291,000 land value is based on $4/square foot for light industrial land; this has been
corroborated through a comparative market analysis by a local real estate broker. Before
conveying the $291,000 valued land to the city, Trihydro will purchase the property for
approximately $1.44/square foot, or approximately $104,681, from LEDC2. The purchase price
follows LEDC guidelines for selling LEDC-owned real estate.

1
  Originally, Trihydro committed $24,000 which would fund half the costs for project management. The business
has since increased its commitment to funding the full amount, $48,000. The city is in the process of finding a new
public works director. The increased contribution from Trihydro will help the city administer the project in light of
this vacancy.
2
  The local match calculation of the value of land is similar to the match used for the WellDog BRC project;
however, in that project, WellDog did not purchase the property from LEDC. Rather, LEDC contributed the land to
the project without any compensation from the business. In the Trihydro proposal, the business will convey to the
city the property which it has purchased from LEDC. Thus, the city gets land valued at $291,000 and LEDC
receives $104,681 sale proceeds in accordance to its adopted land sale guidelines.

Business Ready Community Grant and Loan Program
WBC Report and Recommendations
January 24, 2008

                                                                                                          4
Part B. Proposals Received and Recommendations


Leases and Economic Development Recapture: All lease income will be reinvested by
Laramie into economic development projects. Some lease income will be contributed to the
Laramie Economic Development Corporation (LEDC) or the Albany County Economic Board of
Development Joint Powers Board, a joint venture between the city, county and LEDC. The
funds will be used for matching funds, seed capital, grant programs for local businesses, or
revolving loan funds.

Trihydro: Trihydro is an environmental and engineering consulting firm established and
headquartered since 1984 in Laramie. The
business employs 230 people across the nation,
118 of which are employed in Laramie.                                   New WellDog Bldg
Approximately 65% of the Laramie staff has
University of Wyoming degrees. There are
other satellite offices across the state. The
business provides engineering services,
surveying and mapping services, environmental
consulting, environmental remediation services,
and custom computer programming services.
The business built a 23,300 square foot
headquarters in the business park in 2004, but
will soon out grow that facility. The business
intends to maintain the existing building in
addition to the building to be constructed with                              Existing Trihydro
                                                Proposed
the BRC grant funds. The business has                                               Bldg
                                                Trihydro
instituted many progressive benefits and is       Bldg
looking into others to attract and maintain a
qualified workforce.




Business Ready Community Grant and Loan Program
WBC Report and Recommendations
January 24, 2008

                                                                                   5
Part B. Proposals Received and Recommendations


Points of Discussion:

    ·    WellDog, the Business: In 2005 and 2006 the city of Laramie was awarded two
         consecutive Business Committed grants totaling $2,586,000 to construct a 20,000 square
         foot building in the Laramie River Business Park, across from Trihydro. The building
         was to be leased by the city to WellDog, a technology based business providing
         analytical services for coal-bed natural gas reservoirs. Lease income would be used by
         the Laramie Economic Development Corporation for economic development projects. At
         the time of the BRC applications, WellDog had 26 employees. Employees were spread
         out between multiple leased buildings in the Laramie River Business Park. The primary
         building is 6,000 square feet and WellDog leased an additional 4,500 square feet in a
         building across the parking lot. None of the buildings had room for business expansion.
         At the time of application, WellDog believed it would create 59 new positions if there
         was a facility that could accommodate its growth. Several weeks ago, WellDog began
         letting go about half of its workforce. It has since let go all employees. The city of
         Laramie gave notice to WellDog that it was in breach of its development agreement for
         the BRC grant. The council authorized the city attorney to terminate the development
         and lease agreements between the city, WellDog and LEDC. The Blue Sky Group Inc.,
         which founded WellDog, but has not been a majority shareholder for two years, has
         created a new subsidiary, Gas Sensing Technology Corp. Gas Sensing Technology Corp
         has purchased WellDog equipment, supplies and other intellectual assets. Gas Sensing
         Technology intends to assume the lease on the old WellDog building and hire some of
         the former WellDog employees. It does not intend to lease the new WellDog building
         from the city.

    ·    WellDog, the Building: The BRC funded building is nearing completion (anticipated
         early December 2007) with a building size close to 17,500 square feet. According to the
         architect, the task was to create a building that would fulfill the very specific needs of a
         fast growing company, to allow flexibility as their company grows over time, and to
         consider the possible needs of future tenants should WellDog outgrow this facility over
         the long term. The WellDog building has about 8,500 square feet of light manufacturing
         space, some of which could be converted to office space. The remaining space, 9,000
         square feet, is office space with a predominately open floor plan. The building has many
         energy efficient components.




Business Ready Community Grant and Loan Program
WBC Report and Recommendations
January 24, 2008

                                                                                            6
Part B. Proposals Received and Recommendations




                                            WellDog Building Floor Plan

    ·    What Happens when a Committed Business Un-Commits ? There have been four
         instances out of 41 Business Committed grants in which a committed business has
          uncommitted by either becoming insolvent (Hawkins and Powers in Greybull, and
         abcDirect in Pine Bluffs--a casualty of the national mortgage industry collapse) or the
         business elects to withdraw from the project (Great Valley Child Care in Riverton and
         Polo Gear in Ranchester). Despite diligent reviews of business plans to determine
         business viability, sometimes unforeseen or unexpected circumstances arise. When a
         business backs down or becomes insolvent, the Board has directed staff to review the
         projects on a case-by-case basis to determine the prudent course of action. Staff looks at
         the stage of building construction, the source of match, the specialization of the building
         or infrastructure, and project s strengths as a Readiness (spec) project. If the building is
         specialized (i.e., a hangar or a childcare center) staff has not released funds for
         construction until a new tenant is identified and staff has reviewed the business plan. If
         the project does not involve a specialized facility and if the community has done
         sufficient planning to make the project viable in the absence of an initial committed
         business, staff has advocated converting the Business Committed project to a Community
         Readiness project, as in the case of the Pine Bluffs downtown building.

    ·    Trihydro s Desire for a Green Building with a Specific Layout Trihydro s
         headquarters and proposed facility have many green features. These features demonstrate
         environmental leadership and expertise. In effect, the innovative architecture becomes a
         marketing tool for the business. The existing Trihydro building is the only private


Business Ready Community Grant and Loan Program
WBC Report and Recommendations
January 24, 2008

                                                                                            7
Part B. Proposals Received and Recommendations


         building in Wyoming that is Energy Star Certified by the U.S. Environmental Protection
         Agency. The existing building has carpet tiles of 100% recycled plastic; programmable
         HVAC system to allow flexible heating and air conditioning; linoleum flooring made
         from cork trees; plumbing features which promote water conservation; break room
         cabinets made of compressed sunflower seed bi-products; and ample natural lighting.
         The proposed building would have many similar features along with geothermal heating.
         Further, the business desires that the new building have private offices for senior staff
         and secure areas for HR and accounting. The open floor plan of the new WellDog
         building would have to be remodeled to provide more office space.

    ·    Laramie s Need for Office and Manufacturing Space The city and Laramie Economic
         Development Corporation (LEDC) believe there is an inadequate supply of office and
         manufacturing space in Laramie. The applicant maintains that the WellDog building
         already has interested parties and would like to have the building remain available for
         occupancy by one or more businesses other than Trihydro. Please see Appendix A,
         pages 25-29 for detailed discussion by the city and LEDC about WellDog, Trihydro,
         and Laramie s building supply.

Regional Comments by Tom Johnson: This company is a hidden gem in Wyoming, with
offices in Laramie, Cheyenne, Lander, and Casper. As such, I am extremely proud that this
project is not simply a project that benefits Laramie; it s a project that will create jobs in several
Wyoming communities. By assisting the company in expanding its corporate offices by 30 jobs
over five years (18 in the first three), we will be opening up opportunities for Wyoming
graduates across the state. This company stresses its connection to the West and to Wyoming
and is steadfast in its commitment to hiring Wyoming graduates and professionals. Aside from
the jobs, wages, and tax benefits provided by this company (which are substantial by
themselves), the lease payments and appreciated value of the public asset will provide a great
return on taxpayer funds, which is among the highest I ve worked on during the history of this
program.

Attorney General Determination: Pending.

WBC Recommendation: The WBC considered the following alternatives and is recommending
alternative 4, which is to partially fund the project in the amount of $1.5 million dollars.

    1. Do not fund the request due limited available funds and the availability of a previous
       BRC funded facility (WellDog building) which is in close proximity to the existing
       Trihydro building and the proposed Trihydro building. Trihydro could occupy a portion
       of the WellDog building after it was renovated to suit the business needs. The
       remainder of the building will then be available to market to other businesses,


Business Ready Community Grant and Loan Program
WBC Report and Recommendations
January 24, 2008

                                                                                            8
Part B. Proposals Received and Recommendations


          particularly businesses needing light manufacturing space. The business and the city do
          not support this option. See Appendix A.

    2. Fund the project as requested at $3,000,000. In doing so, Laramie would be well
       positioned to grow a key business and have 6,000 square feet of spec space available in
       the new Trihydro facility, as well as space in the nearly complete WellDog Facility.

    3. Partially fund the grant request at $1,920,000. This would provide 10,000 square feet of
       space for Trihydro, but would not allow the construction of the additional spec space
       (6,000 square feet). The building costs are calculated at $192/square foot.

    4. WBC recommendation: Partially fund
                                                  BRC Amount                            $ 1,500,000
       the grant request at $1,500,000. This
                                                  Cash Match (Project Manager)          $    48,000
       would provide approximately 7,800
       square feet of space for Trihydro (based In Kind Match (Land, Engineering)       $ 340,981
       on building costs of $192/square foot). Total Project Cost                       $ 1,888,981
       However, this would not allow the Percent of Total, BRC                                  79%
       construction of the additional spec space Percent of Total, Local                        21%
       (6,000 square feet) or the full amount of space desired by the business. Still, the
       combined square footage of the existing Trihydro Building (23,000 square feet) and
       space made available with this recommendation (7,800 square feet) would be 30,800
       square feet. Industry standards for office space mandate 175-250 square feet per
       employee (Trihydro uses 200 square feet per employee as a benchmark). Thus, Trihydro
       could accommodate 154 employees between the two buildings, or 28 more than currently
       employed in Laramie.

         The reasons for the partial recommendation are as follows:

         ·    Trihydro is a solid company with an excellent reputation which will provide a reliable
              return to the city (in the form of lease payments) which will be used for future
              economic development efforts.

         ·    The proposed facility s green architecture will bolster Trihydro s reputation as an
              innovative and progressive company. These are also attributes of the community
              Laramie and LEDC want to promote.

         ·    Laramie needs additional office and manufacturing space and believes it needs to
              maintain the WellDog building to respond to business leads proffered by the WBC as
              well as businesses graduating from the UW Business Technology Center.




Business Ready Community Grant and Loan Program
WBC Report and Recommendations
January 24, 2008

                                                                                           9
Part B. Proposals Received and Recommendations


         ·    There is now a local supply of spec space provided by both the public and private
              sectors.

State Loan and Investment Board Action: APPROVED JANUARY 24, 2008

Detailed Analysis of Project:
                                                     Laramie, Trihydro Office Building
                                                                                Criteria
                                          Evaluation Criteria                                                    Notes
                                                                                  Met
                                                                                                  New                       18
                     Direct Creation ( 3yrs)                                                Yes
                                                                                                  Retained                0
                     Future Creation                                                        Yes   By virtue of spec space

                                                               Albany County (all                                  Y1             Y2        Y3
                                                              industry), May 2005
       Primary                                                                                    Low               $14.90        $14.90    $14.90
     Job Creation                                          Mean                   $16.65          High              $31.25        $43.27    $43.27
    (Jobs bringing                                         Median                 $12.94          Median            $25.00        $32.45    $32.69
    new wealth to                                          Self Sufficient Wages, 05              Mean               $24.36       $31.29    $32.37
                                     Wages                                                  Yes
   the community)                                          Hourly                  $15.37         Benefits: Full benefits. In addition,
                                                           Monthly             $2,704.60          the business is exploring other new
                                                                                                  benefits to entice employement (flex-
                                                                                                  time, sabbaticals, child care, work
                                                           Annual            $32,455.18           schedule options)


                     Develops Community Momentum in Unique Market Niches                    No
                     Helps Meet Demand for Social Services                                  NA
                     Helps Diversification Efforts                                          Yes
    Community
                     Fulfill Community and Economic Development Goals                       Yes   Additional Office Space
     Workforce
                     Improved Ability to Retain, Attract, Expand Businesses                 Yes   By virtue of spec space
    Development
                     Improved Workforce or Entrepreneurial Training                         No
                     Strong Economic Development Recapture Plan                             Yes
                     Satisfactory Performance on Past Projects                              Yes
                                                                                                              Business Type
                     Business Expansion                                                     Yes
                                                                                                           Engineering Services
                                                                                                    60% of revenues generated from
                     Primary Business                                                       Yes
                                                                                                          outside Wyoming
                                                                                                  Besides local match, business will
                     Private Investment                                                     Yes   spend additional $500K over next 5
                                                                                                  years on FFE
                     Increase in Business Revenue                                           Yes   Y1, $500K; Y2, $1.2M; Y3, $1.9M
      Business                                                                                    According to the WBC Business and
    Development                                                                                   Industry Division: "This is a
     Investment                                                                                   comprehensive, detailed, complete
                     Viability and Thoroughness of a Business Plan                          Yes
                                                                                                  business plan. We want to forward
                                                                                                  our compliments to the management
                                                                                                  team and authors of the plan."


                                                                                                  Help business maintain competitive
                                                                                                  edge and market share by allowing
                     Increase in Market Share                                               Yes
                                                                                                  its revenue stream to be directly used
                                                                                                  to increase and train its labor force




Business Ready Community Grant and Loan Program
WBC Report and Recommendations
January 24, 2008

                                                                                                                                           10
Part B. Proposals Received and Recommendations


       2.             Natrona County, $1,500,000 Community Readiness Request
                      Bishop Industrial Ranch Railroad Spur

Project Description:          Natrona County
requests a $1,500,000 Readiness grant to
construct an 8,000+ foot long rail spur off the
main line of the Burlington Northern Santa
Fe. The rail spur will include two turnouts
and will be long enough to accommodate
entire unit trains.   The county owned spur
will be located on 700 acres of privately
owned land adjacent to the Natrona County
International Airport. The site is remote, but
easily accessible. The Bishop Industrial Rail
Park, LLC (Bishop LLC) has an option to
purchase the 700 acres. The rail spur will be
on right-of-way donated to the county by the
Bishop LLC.         The land is currently
undeveloped with the exception of a single
vacant metal building. The site is accessible
via a road from the south. The road is mostly
private but connects to a county road.
Ultimately the site will be developed as a rail
served industrial park with water, sewer, an
upgraded road, electricity, natural gas, and
telecommunication facilities. The county may
seek a Business Committed grant for
infrastructure once anchor tenants are
identified; however, the site can be used in the
meanwhile without those improvements.
Bishop LLC has not received written
commitment from BNSF to service the site,
but BNSF officials have provided the
conceptual design of the rail spur. The rail
park will be used for storage of materials for
large scale development projects, petroleum
products, cement supplies, etc.



Business Ready Community Grant and Loan Program
WBC Report and Recommendations
January 24, 2008

                                                                               11
Part B. Proposals Received and Recommendations


Project Goals: The rail spur will initially provide a transload facility in the Casper area that will
serve all of Central Wyoming. It will be the largest between Denver and Laurel, Montana.
There are no other rail yards in Wyoming that can meet current and anticipated demand for the
receipt or shipment of bulk shipments3. The county will receive $25 dollars for each train car
switched off the mainline. The county will use $15 for each car to pay liability insurance policy
required by BNSF and to fund an account for operations and maintenance. The balance of the
$25 fee will be used by the county for other economic development projects.

Project Funding:          The $2,432,196
                                           BRC Amount                             $ 1,500,000
project will include a $932,196 local Cash Match (Rail Bed, Crossings, etc.)      $ 672,196
match. The local match is comprised of In Kind Match (Switches)                   $ 260,000
a $672,196 cash contribution from the Total Eligible Project Cost                 $ 2,432,196
Bishop LLC to be used for construction Percent ot Total, BRC                              62%
(rail crossing, rail bed, sub grade) and a Percent of Total, Local                        38%
$260,000 in kind contribution to
purchase two turnout switches. The rights of way will also be contributed, though the value is
not included in the match calculation. The balance of the project will be paid for through the
Readiness grant.

Regional Comments by Steve Elledge: The Bishop Industrial Rail Park request is strong, well-
conceived, with potential benefit to the region that is probably understated. The need for an
Industrial Zoned Trans-Load facility in Central Wyoming is well documented and becoming
readily apparent. With increases in industrial and commercial construction, petroleum and raw
commodity industries, and the economics associated with rail transport the demand is continually
growing. In 2006 a consultant prepared a report for the WBC on the BNSF line between Casper
and Cheyenne which supports the need for such a facility on the line with the Natrona County
area noted as a preferential site based upon its location on the Laurel-Denver line; the BNSF
facilities and equipment already located in their Casper location; and it is located on the alternate
rail from the significant coal traffic coming from the NE corner of Wyoming. Additionally,
several meetings with representatives of the railroad, Natrona County, and private and public
developers, have concluded that this area is a preferred service area; a central location and
logical distribution center for much of the regions industrial development; and a logical choice
for BNSF service. Several referrals have already been forwarded from the railroad to the
development group (who are experienced in railroad park development and procedures as

3
  In 2006 the town of Evansville was awarded a $973,646 Business Committed grant to construct a rail spur in the
Cole Creek Industrial Park. The Cole Creek Industrial Park is owned by Granite Peak Development. The grant
funded a town-owned rail spur and infrastructure for the recruitment of Polypipe and the creation of additional rail
accessible lots. Some pipe has been stored at the Cole Creek Industrial Park, but only as a temporary measure.
Offloading of bulk material for storage (as opposed to Polypipe s smaller shipments) has caused traffic concerns in
Evansville. The Bishop Industrial Park will be much better suited for bulk storage.

Business Ready Community Grant and Loan Program
WBC Report and Recommendations
January 24, 2008

                                                                                                        12
     Part B. Proposals Received and Recommendations


     operators of the Evansville, WY Cole Creek Industrial Park). The project s physical location also
     affords Natrona County International Airport expanded opportunities to utilize its Foreign Trade
     Zone designation and Wyoming s only customs facility and Port of Entry, as well as to expand
     on concepts of possible air/rail opportunities. This is an outstanding opportunity for the county
     to support their lifeblood industries and provide infrastructure for a multitude of diverse
     industries.

     WBC Recommendation:                     WBC recommends funding as requested with the following
     conditions:

         ·     Execution of all necessary track agreements between Bishop LLC, BNSF, and Natrona
               County;

         ·     Purchase of the 700 acres by Bishop LLC; and

         ·     Dedication to the county of road rights of way and rail spur rights of way.

     State Loan and Investment Board Action: APPROVED JANUARY 24, 2008

     Detailed Analysis of Project:

                                                       Natrona County Bishop Industrial Rail Park

                                           Evaluation Criteria                                                    Notes
                                                                                     Criteria Met

    Primary
  Job Creation
                                                                                                    By virtute of the industrial nature
 (Jobs bringing Future Creation                                                          Yes
                                                                                                    of the park
new wealth to the
  community)

                  Develops Community Momentum in Unique Assets and Market
                                                                                         Yes
                  Niches
                  Helps Meet Demand for Social Services                                  NA
 Community        Helps Diversification Efforts                                          Yes
  Workforce       Community/Economic Dev. Goals Related to Specific Plan                 Yes
 Development      Improved Ability to Retain, Attract, Expand Businesses                 Yes
                  Improved Workforce or Entrepreneurial Training                         No
                  Strong Economic Development Recapture Plan                             Yes
                  Satisfactory Performance on Past Projects                              Yes




     Business Ready Community Grant and Loan Program
     WBC Report and Recommendations
     January 24, 2008

                                                                                                                 13
Part B. Proposals Received and Recommendations


       3.             Lusk, $1,500,000 Community Readiness Request
                      Lusk Business Park

Project Description: The town of Lusk requests $1,500,000 of Community Readiness funds to
purchase a 38.7 acre tract of land south of town on Highway 85. The annexed site includes an
existing 6,161 square foot insulated metal building (now used for storage of the land owner s
personal effects) and materials for another 4,800 square foot metal building. The grant funds
will also be used for the construction of internal streets, connections to sewer lines, water lines,
and electrical hook-ups. These infrastructure improvements will develop about half the 38.7
acres, and the new infrastructure will stub into the back half of the property making that land
easily developable in the future for additional business space or a residential neighborhood. The
business park will be subdivided and rezoned for commercial/industrial development of up to 16
separate lots.

Project Goals: The ultimate goal of the project is to diversify the local economy and stimulate
business development through the provision of business ready space. There is no other space
available in town. Revenue generated through lease or sale of property will be devoted to further
business park development and other
economic development projects.
                                             BRC Amount                                $ 1,500,000
Project Funding: The $1,666,667 project      Cash Match                                $     166,667
will be matched with a town contribution of Total eligible project cost                $ 1,666,667
$166,667. The balance will be paid for by Percent ot Total, BRC                                   90%
the Readiness grant.                         Percent of Total, Local                              10%




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January 24, 2008

                                                                                         14
   Part B. Proposals Received and Recommendations


   Regional Comments by Steve Elledge: The town of Lusk has patiently searched for the right
   opportunity to prepare itself for business development in a sensible manner. An opportunity has
   presented itself to do that. It would be hard, in my opinion, to conceive of a better chance to
   begin the process. The available property presents a flat, low-cost opportunity, in an annexed
   portion of the community, with highway frontage and access, excellent visibility, a very well
   built and maintained existing facility, and the components of a second facility that can be
   constructed to business requirements. Furthermore, there is ample property to accommodate a
   number of projects. One of the most attractive aspects of this project is that it cannot be
   considered overkill . It is small enough to mange professionally and proactively yet large
   enough to be attractive to a multitude of diverse businesses.         The North East Wyoming
   Economic Development Corp. (NEWEDC), recently restructured, rejuvenated, and with a new
   experienced Executive Director, will be used extensively to assist with marketing and recruiting
   to the park, along with WBC Regional Director assistance. Combining this assistance with the
   eagerness and flexibility of the town and county leadership and staff, expanding opportunities
   afforded by the Wyoming Women s Prison expansion, and local healthcare facilities renovation,
   there is an exciting opportunity for Lusk and Niobrara County to capitalize and act.

   WBC Recommendation: WBC recommends funding as requested.

   State Loan and Investment Board Action: APPROVED JANUARY 24, 2008

   Detailed Analysis of Project:

                                                                Lusk Business Park

                                          Evaluation Criteria                                                     Notes
                                                                                     Criteria Met

    Primary
  Job Creation
                                                                                                    By virtute of the industrial
 (Jobs bringing Future Creation                                                          Yes
                                                                                                    possibilities of the park
new wealth to the
  community)

                  Develops Community Momentum in Unique Assets and Market
                                                                                       Neutral
                  Niches
                  Helps Meet Demand for Social Services                                 NA
 Community        Helps Diversification Efforts                                         Yes
  Workforce       Community/Economic Dev. Goals Related to Specific Plan               Neutral
 Development      Improved Ability to Retain, Attract, Expand Businesses                Yes
                  Improved Workforce or Entrepreneurial Training                        No
                  Strong Economic Development Recapture Plan                           Neutral
                  Satisfactory Performance on Past Projects                             NA




   Business Ready Community Grant and Loan Program
   WBC Report and Recommendations
   January 24, 2008

                                                                                                                    15
Part B. Proposals Received and Recommendations


       4.             Tiger Joint Powers Board (City of Lander and Fremont Co. School Dist.
                      No. 1) $695,000 Community Readiness Request
                      Lander Business Park, Phase II

Project Description: The Tiger Joint Powers Board (Tiger Board) seeks a $695,000
Community Readiness grant for infrastructure extensions to complete the downtown Lander
Business Park. The city of Lander was awarded a $1,500,000 Readiness grant in 2004 to
demolish the Lander Valley High School and develop a portion of 17 acre business park. Project
ownership, administration, and marketing became the responsibility of the Tiger Joint Powers
Board under an agreement between the city and Fremont County School District #1. (The Tiger
is the Lander Valley High School s mascot.) The initial grant funded infrastructure (roads,
water, sewer and other utilities) to develop 6 lots ranging in size from .35 acres to 1.5 acres. The
Tiger Board has sold three of the lots to two expanding businesses. Sale proceeds from those
lots were reinvested into the business park infrastructure and represent the local match. This
grant will complete the second phase of the business park by paving 1,000 linear feet of 12th
Street and Vocational Drive. Funds will also be used for business park enhancements along
Squaw Creek. Those enhancements, totaling $243,860, include a foot bridge, pedestrian trial,
landscaping and irrigation.

Project Goals: The infrastructure improvement will create 7 additional lots to the business park.
Sale proceeds will be used by
the    Tiger      Board     for
additional       infrastructure
work in the business park and
business park marketing.
The balance of revenue will
be used by the Fremont Co.
School District Number One
as per the original joint
powers agreement.          The
business park is intended to
be an extension of downtown
and integrated into the
community s trail system.
The sizes of the commercial
lots in the Lander Business
Park are not otherwise
available in the community.


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January 24, 2008

                                                                                         16
 Part B. Proposals Received and Recommendations


 Project Funding: The second phase of the                     BRC Amount                                                $ 695,000
 Lander Business Park has a total project cost                In Kind Match                                             $ 480,000
 of $1,175,000, of which the Tiger Board has                  Total Eligible Project Cost                               $ 1,175,000
 contributed     $480,000       in     utility                Percent of Total, BRC                                             59%
 improvements. The balance will be covered                    Percent of Total, Local                                           41%
 by the Readiness grant.

 Regional Comments by Roger Bower: The Tiger Joint Powers Board has done a very good job
 of marketing the project as they have sold 3 lots of the 6 lots available and have an option on an
 additional 3 lots that are in the second phase. If the optioned lots close they will have 7 more
 lots to market. They have reinvested all the proceeds in additional infrastructure. This
 exceptional management has resulted in significant savings to the project. Beautification and
 pedestrian friendly concepts were both discussed in the original grant request. The
 enhancements will help the marketability of the balance of the lots. The foot bridge and the
 creek side improvements will add to the pedestrian friendliness of the project. These
 enhancements will also help to maintain the market value of these lots on the back side of the
 project. The business park is an asset to Lander s Main Street, which was everyone s goal.

 WBC Recommendation: WBC recommends partial funding in the amount of $451,140. Staff
 recommends the grant request be reduced by $243,860, which is the amount of the business park
 enhancements.

 State Loan and Investment Board Action: APPROVED JANUARY 24, 2008

 Detailed Analysis of Project:

                                         Tiger Joint Powers Board, Downtown Business Park Phase 2

                                       Evaluation Criteria                                                 Notes
                                                                              Criteria Met

    Primary
  Job Creation                                                                               This is primarily a commercial
 (Jobs bringing Future Creation                                                 Neutral      business park as opposed to an
new wealth to the                                                                            industrial park.
  community)

                 Develops Community Momentum in Unique Assets and Market
                                                                                  No
                 Niches
                 Helps Meet Demand for Social Services                            No
                 Helps Diversification Efforts                                    No
 Community       Community/Economic Dev. Goals Related to Specific Plan           Yes
  Workforce      Improved Ability to Retain, Attract, Expand Businesses           Yes
 Development     Improved Workforce or Entrepreneurial Training                   No
                                                                                             Market based rates that are
                 Strong Economic Development Recapture Plan                       Yes        reinvested into specific projects
                                                                                             within the park
                 Satisfactory Performance on Past Projects                        Yes

 Business Ready Community Grant and Loan Program
 WBC Report and Recommendations
 January 24, 2008

                                                                                                                       17
Part B. Proposals Received and Recommendations


       5.             Green River, $250,000 Community Enhancement Request
                      Green River Visitors Center

Project Description: The city of Green River requests a Community Enhancement grant of
$250,000 for the construction of a Green River Visitors Center, including all necessary
infrastructure connections. The site is at the west end of Green River, about a quarter-mile from
the west Interstate 80 exit. It is in the boundaries of the Green River Urban Renewal Authority
and Main Street Program. The site was recently purchased by the city from the Wyoming
Department of Transportation. The site was formerly used as a parking lot for a park and ride to
the trona mines. The city will own the facility and lease it to the Chamber of Commerce. The
Chamber will occupy a portion of the building and use the balance for tourist information. The
building will be 1,766 square feet. The Chamber is currently located in a downtown storefront.
The new location will place the Chamber near the Toll Gate, Palisades rock formations and
across the street from the Wild Horse Loop Tour.

Project Goals: The project will relocate the Chamber next to convenient, visible interstate
access. The improved access to travelers will get the tourists off the interstate and into town and
its many draws: white water kayak park, rock formations, Expedition Island, the Wild Horse
Loop Tour and businesses.

Project Funding: The city of Green River          BRC Amount                                  $   250,000
will put $88,993 in cash toward the project       Cash Match                                  $    88,993
and will make other in-kind contributions         In Kind Match                               $   194,966
totaling $182,000.       The Chamber will         Total Eligible Project Cost                 $   533,959
contribute $12,966 for landscaping, signage       Percent of Total, BRC                               47%
and architectural fees. The grant will pay for    Percent of Total, Local                             53%
the balance of the $533,959 project.




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January 24, 2008

                                                                                         18
Part B. Proposals Received and Recommendations


Regional Comments by Ray Sarcletti: For the past four years I have been working with the
city of Green River to get a tourist information and visitor center to be located on the west side
of Green River just off the I-80 Exit 89. The location on the Moran Overlook will be directly
across the street from the access point of the Wild Horse Loop Tour road, and near the Hampton
Inn that is currently under construction on the Loop Tour road (the Hampton Inn development
was made possible by a Readiness grant awarded to the city in 2005.) Fifteen thousand to twenty
thousand vehicles per day pass Exit 89 on I-80, and Green River is losing valuable tourist dollars
as those travelers have a very difficult time accessing any information regarding the area. Green
River is the gateway to the Flaming Gorge National Recreation Area, the Wyoming Scenic By-
Way, soon to get an All American By-Way designation as well as the ever popular Wild Horse
Loop Tour.       The Green River Chamber of Commerce is currently serving as the tourist
information center. It is located in a small office on West Flaming Gorge Way in Green River,
which is a main arterial between the east and west exits off I-80. The office has only on street
parking that is used primarily by customers of the local businesses on that street. There is little
or nor parking available for a pickup truck or a passenger car and absolutely no parking for a
large RV. This project is desperately needed by the community, and the community is very
willing to provide the necessary matching funds.

WBC Recommendation: WBC recommends partial funding in the amount of $200,000. The
city has indicated that it could put an additional $50,000 towards the project.

State Loan and Investment Board Action: APPROVED JANUARY 24, 2008

Detailed Analysis of Project:


                                                              Green River Visitor Center

                                            Evaluation Criteria                                    Notes
                                                                                    Criteria Met

         Primary
       Job Creation
      (Jobs bringing Future Creation                                                       No
     new wealth to the
       community)

                       Develops Community Momentum in Unique Assets and Market
                                                                                           Yes
                       Niches
                       Helps Meet Demand for Social Services                            NA
       Community       Helps Diversification Efforts                                    No
        Workforce      Community/Economic Dev. Goals Related to Specific Plan           Yes
       Development     Improved Ability to Retain, Attract, Expand Businesses          Neutral
                       Improved Workforce or Entrepreneurial Training                   No
                       Strong Economic Development Recapture Plan                       No
                       Satisfactory Performance on Past Projects                        Yes




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January 24, 2008

                                                                                                           19
Part B. Proposals Received and Recommendations


       6. Cowley, $500,000 Community Enhancement Request
          Main Street Enhancements

Project Description: The town of Cowley request funds for ornamental lighting, decorative
benches, landscaping throughout the section of Highway 310 (Main Street) that runs through the
Cowley Business District and a false-front structure that will be built along a city block in
downtown. The streetscape improvements will be made throughout the section of Highway 310
(Main Street) that runs through the Cowley Business District. The town-owned façade will be
freestanding and not attached to the privately owned buildings. The façade will partially screen
older buildings and vacant lots on a downtown block. The project coincides with the WYDOT
reconstruction project scheduled for construction in June 2008. In addition to the reconstruction,
WYDOT is contributing $490,100 for complementary streetscaping and enhancements.

Project Goals: The goals of the project are to improve the town s aesthetics character and
stimulate downtown development. The project is intended to encourage visitors to explore
historic landmarks in the town.

Project Funding: The $1,180,570 project           BRC Amount                          $ 500,000
includes a town cash match of $190,470            Cowley Funding                      $ 190,470
and $490,100 from WYDOT for funding               WYDOT Funding                       $ 490,100
of other streetscape improvements. The            Total Eligible Project Cost         $ 1,180,570
balance, $500,000, will be paid by the            Percent of Total, BRC                       42%
Community Enhancement grant.                      Percent of Total, Local                     58%

Regional Comments by Leah Bruscino: I am really excited about this project. Creating a
cohesive look in the Cowley business district will be the first step in encouraging business
investment and development. This project has been in the works for several years and finally all
of the funding pieces have come together. A lot of planning has gone into this project and there
are several different funding partners, including the town of Cowley. For many years people in
the area have chosen to live in Cowley because it is a small attractive community and Cowley is
a bedroom community for Lovell. The school district has consolidated the area schools into
Cowley so it has seen quite a bit of non-residential development as well. The next piece of the
puzzle is business development. The town of Cowley would like to develop a variety of




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January 24, 2008

                                                                                        20
     Part B. Proposals Received and Recommendations


     businesses and they feel with the residential and school development they are poised positively
     to develop business. By developing an attractive business district, the town will set an aesthetic
     standard for future businesses and will keep the community attractive into the future.

     Comments by Evan Medley, Wyoming Main Street Coordinator: Wyoming Main Street
     would be happy to provide technical assistance to the town of Cowley, including: visioning and
     strategic planning (including a visit to their community to advise them on what the Main Street
     approach entails, how they can apply, and what the benefits to them would be); various trainings
     including board training and "Main Street 101" (an introductory training that covers all basic
     aspects); and our Revolving Loan Fund, which provides up to $100,000 for façade and structural
     renovations for buildings in commercial districts. We'd be happy to keep them in the loop
     regarding upcoming training and technical assistance opportunities, and they're welcome to
     attend any events we put on.

     WBC Recommendation: WBC recommends partial funding in the amount of $300,000 to fund
     streetscape improvements other than the free-standing façade.

     State Loan and Investment Board Action: APPROVED JANUARY 24, 2008

     Detailed Analysis of Project:

                                                         Cowley Main Street Enhancements

                                           Evaluation Criteria                                  Notes
                                                                                 Criteria Met

    Primary
  Job Creation
 (Jobs bringing Future Creation                                                      No
new wealth to the
  community)

                  Develops Community Momentum in Unique Assets and Market
                                                                                     Yes
                  Niches
                  Helps Meet Demand for Social Services                             NA
 Community        Helps Diversification Efforts                                    Neutral
  Workforce       Community/Economic Dev. Goals Related to Specific Plan            Yes
 Development      Improved Ability to Retain, Attract, Expand Businesses            No
                  Improved Workforce or Entrepreneurial Training                    No
                  Strong Economic Development Recapture Plan                        NA
                  Satisfactory Performance on Past Projects                         NA




     Business Ready Community Grant and Loan Program
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     January 24, 2008

                                                                                                21
Appendix A


       7. Douglas, in partnership with Converse Area                      New     Development
          Organization, Inc.
          $1,500,000 Community Readiness Request
          CANDO Incubator & Workforce Training Center

Project Description: The town of Douglas in partnership with the community development
organization, Converse Area New Development Organization, Inc. (CANDO), requests a
$1,500,000 Community Readiness grant to construct an addition to a future Eastern Wyoming
Community (EWC) College Douglas campus. The addition will be a business incubator and
workforce training center. The combined EWC and CANDO facility will be located in the new
Douglas Business Park. The business park was developed using funds from the city of Douglas
and three Business Ready Community Readiness grants. The business incubator was included in
the initial CDBG planning grant for the business park. The 27,000 square foot facility will
include classrooms, computer labs and offices for EWC; the CANDO side of the facility will
include space for three or more incubated businesses, flexible space for training conferences, and
offices to support the incubators and CANDO programs. The building will be owned by the
city, unless the three partners (the city, community college and CANDO) agree to some other
ownership arrangement such as condominiumization. The EWC currently has a campus in a
former primary school building in Douglas. The 1930 s era building has infrastructure
deficiencies for a modern college s needs.




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January 24, 2008

                                                                                        22
Appendix A


Project Goals: The goals of the project are to advance workforce training and entrepreneurial
development by co-locating and coordinating facilities and efforts between Eastern Wyoming
College (EWC) and CANDO. The collaboration will allow the transition of EWC students into
CANDO entrepreneurship courses, and then graduate these students into the incubator. The
partners will strive to secure at least 3 business start-ups to be located in the incubator, creating
two or three jobs with each incubated business. CANDO currently operates several workforce
training programs, entrepreneurship camps and other efforts.

Project Funding: The entire facility will
                                                BRC Amount                                 $ 1,500,000
cost $6M to construct, with half the funding EDA Grant (Pending 3-08 Award)                $ 1,500,000
covered by EWC and the other $3M through EWC/WCCC (Pending State Budget
the city and CANDO. The Wyoming                     or other Fund Raising)
                                                                                           $ 3,000,000
Community College Commission voted to Total Eligible Project Cost                          $ 6,000,000
approve the project, but it did not receive a Percent of Total, BRC                                 25%
high enough priority to receive a Percent of Total, Local                                           75%
recommendation for funding. Still, the partners are hopeful the project will be funded during the
next legislative budget session or through private donations, local contributions, and other grants.
The city/CANDO portion of the facility will be paid for through the $1.5M Business Ready grant
and a $1.5M US Economic Development Administration (EDA) grant. The EDA grant
application has been submitted, but there will be no word on its status until at least March 2008.

Regional Comments by Steve Elledge:            From the day I first set foot in Douglas as a
representative of the WBC one of their primary objectives for business development has been a
Tech Center Tech Incubator facility. Though the concept has changed somewhat, keyed by
economic opportunity and developing need, this objective has always been clear. Good plans
evoke actions and the community is ready to act. This facility is projected to be the axis of the
recently developed Business Park and could provide the potential spin-offs of several relevant
tenants for the park as well as professional training and development opportunities for small
business throughout the region.

WBC Recommendation: WBC does not recommend funding due to limited available funds,
lack of funding commitments for the project, and the lack of a master agreement between
CANDO, Eastern Wyoming College, and Douglas over project and property management.
Should funding be approved, staff recommends that the funding be contingent upon a master
agreement between all parties and receipt of funding of the EDA grant and EWC s $3M
contribution to the project.

State Loan and Investment Board Action: APPROVED RECOMMENDATION
JANUARY 24, 2008



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WBC Report and Recommendations
January 24, 2008

                                                                                          23
 Appendix A


 Detailed Analysis of Project:



                                             Douglas (CANDO) Incubator & Workforce Training Center

                                          Evaluation Criteria                                                Notes
                                                                                Criteria Met

    Primary
  Job Creation
 (Jobs bringing Future Creation                                                   Neutral
new wealth to the
  community)

                   Develops Community Momentum in Unique Assets and Market
                                                                                    No
                   Niches
                   Helps Meet Demand for Social Services                           NA
                   Helps Diversification Efforts                                  Neutral

                                                                                               The original CDBG plan for the
 Community
                                                                                               development of the business park
  Workforce        Community/Economic Dev. Goals Related to Specific Plan           Yes
                                                                                               identified this project as a major
 Development
                                                                                               component to the business park.

                   Improved Ability to Retain, Attract, Expand Businesses         Neutral
                   Improved Workforce or Entrepreneurial Training                  Yes         Collaboration with EWC
                   Strong Economic Development Recapture Plan                      NA
                   Satisfactory Performance on Past Projects                       Yes




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 WBC Report and Recommendations
 January 24, 2008

                                                                                                              24
Appendix A




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WBC Report and Recommendations
January 24, 2008

                                                  25
Appendix A




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WBC Report and Recommendations
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Appendix A




Business Ready Community Grant and Loan Program
WBC Report and Recommendations
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Appendix A




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                                                  28
Appendix A




Business Ready Community Grant and Loan Program
WBC Report and Recommendations
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                                                  29
Appendix B BRC Program Funding Overview


Business Ready Community Grant and Loan Program
PROGRAM SUMMARY
Information current as of November 19, 2007

                                                   Appropriation Summary

BFY 2003/2004 Appropriation                                                                                            8,400,000
BFY 2005/2006 Appropriation                                                                                           25,000,000
Governor's Supplemental Budget                                                                                        11,600,000
BFY 2007/2008 Appropriation                                                                                           46,000,000
Governor's Supplemental Budget, March 2007                                                                            33,250,000
                                                                                                                   $ 124,250,000

                                                  Relinquishment Summary

                                                                                                 Outstanding            Adjusted
SLIB Approved Grants                              Awards         Deobligations   Disbursements
                                                                                                  Balance               Awards
  SLIB Meeting 4-8-04                                1,697,842       1,564,124         133,718              -            133,718
  SLIB Meeting 5-3-04                                2,277,485          36,102       2,241,383              -          2,241,383
  SLIB Meeting 6-17-04                              12,893,374         112,625      12,633,737        147,012         12,780,749
  SLIB Meeting 10-7-04                                 495,900               -         495,900              -            495,900
  SLIB Meeting 1-25-05                               8,309,950       1,039,174       6,042,520      1,228,256          7,270,776
  SLIB Meeting 2-10-05                               1,406,274          15,077       1,391,197              -          1,391,197
  SLIB Meeting 4-07-05                               4,778,277               -       4,755,285         22,992          4,778,277
  SLIB Meeting 6-23-05                              12,955,022             372      10,276,962      2,677,688         12,954,650
  SLIB Meeting 11-04-05                              1,500,000               -       1,500,000              -          1,500,000
  SLIB Meeting 1-19-06                               8,732,802               -       2,941,241      5,791,561          8,732,802
  SLIB Meeting 6-22-06                              11,673,069               -       5,052,421      6,620,648         11,673,069
  SLIB Meeting 10-5-06                               6,000,000       2,848,371       1,356,865      1,794,764          3,151,629
  SLIB Meeting 2-8-07                               19,611,388       1,219,558       2,248,301    16,143,529          18,391,830
  SLIB Meeting 6-21-07                              16,127,287               -       1,223,050    14,904,237          16,127,287
  SLIB Meeting 10-4-04                               6,190,500                                      6,190,500          6,190,500
 Subtotal                                          114,649,170   $   6,835,403      52,292,580    55,521,187       $ 107,813,767
                                                                            6%       49%                 51%

Wyoming Telecommunications Broadband Initiative                                                                    $        250,000

                                                                                                 Outstanding            Adjusted
Data Center Program                               Awards         Deobligations   Disbursements
                                                                                                  Balance               Awards
  SLIB Meeting January 2008                                  -               -               -                 -                   -
 Subtotal                                                    -               -               -                 -                   -

Total Relinquishments                                                                                              $ 108,063,767




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WBC Report and Recommendations
January 24, 2008

                                                                                                                       30
Appendix B BRC Program Funding Overview




                                                      Available Funds Summary

Available Funds                                                                                                       $    16,186,233
 Data Center Grants                                                                                   $   5,000,000
 WBC Commitment to NCAR                                                                               $   4,500,000
Total Available for BRC Infrastrcuture Grants                                                                         $     6,686,233

                                     Funding Allocation Summary (Adjusted Based on Deobligations)

                                                                      Community        Community
Funding Allocation Summary                      Business Committed                                    Data Centers          Total
                                                                       Readiness      Enhancement

   SLIB Meeting 4-8-04                                     133,718                -             NA             NA     $       133,718
   SLIB Meeting 5-3-04                                   2,241,383                -             NA             NA     $     2,241,383
   SLIB Meeting 6-17-04                                    700,000       12,080,749             NA             NA     $    12,780,749
   SLIB Meeting 10-7-04                                    495,900                -             NA             NA     $       495,900
   SLIB Meeting 1-25-05                                          -        3,764,315       3,506,461            NA     $     7,270,776
   SLIB Meeting 2-10-05                                          -        1,391,197               -            NA     $     1,391,197
   SLIB Meeting 4-07-05                                  4,778,277                -               -            NA     $     4,778,277
   SLIB Meeting 6-23-05                                  6,106,050        6,848,600               -            NA     $    12,954,650
   SLIB Meeting 11-04-05                                 1,500,000                -               -            NA     $     1,500,000
   SLIB Meeting 1-19-06                                  1,815,799        4,646,153       2,270,850            NA     $     8,732,802
   SLIB Meeting 6-22-06                                  3,411,740        8,261,329               -            NA     $    11,673,069
   SLIB Meeting 10-5-06                                  3,151,629                -               -            NA     $     3,151,629
   SLIB Meeting 2-8-07                                   5,412,748       12,979,082                            NA     $    18,391,830
   SLIB Meeting 6-21-07                                 16,127,287                -               -            NA     $    16,127,287
   SLIB Meeting 10-4-07                                  6,190,500                -               -            NA     $     6,190,500
Total Funding Allocation                        $       52,065,031   $   49,971,425   $   5,777,311   $          -    $   107,813,767
Percent of Allocation                                  48%                46%             5%              0%                100%




Business Ready Community Grant and Loan Program
WBC Report and Recommendations
January 24, 2008

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