Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 2 - ECONOMIC DEVELOPMENT PROGRAM › Section 2-4 - Economic Development Infrastructure Grants

Current through July 13, 2024
(a)
				Funds have been set aside for economic development infrastructure grants. Such
				grants will allow communities to purchase and/or improve sites for the benefit
				of a specific identified business project.
(b) The primary intent of this program is to
				provide funds to local governments to pay for services that the entity normally
				provides to a business at a certain cost. Normally, this involves sewer and
				water lines, fire protection, power lines, roads, public access, etc. Funding
				to purchase buildings and/or land is eligible, but only if the local government
				intends to maintain ownership of the property. The government entity could
				lease the property to the business for a nominal amount, or could negotiate a
				lease/purchase agreement with the company. The program does not intend,
				however, for local government to purchase land and/or a building to give to a
				business entity.
(c) Requirements
				that must be addressed in the application:
(i)
				A detailed description of the proposed use of the funds, a map of the site,
				explanation of ownership, and an expert and concise cost estimates must be
				provided;
(ii) The business(es) to
				be benefited must submit a business plan , three years financial statements and
				tax returns to the Wyoming Business Council. The grant may be denied if the
				business is not determined to be viable;
(iii) In the event that no new jobs are
				planned to be created, documentation must be provided that demonstrates at
				least 51 percent of the current employees are from low/moderate income
				households. If the application is based on job retention, it must be documented
				that the existing jobs will be lost if the grant is not approved and the
				infrastructure not completed;
(iv)
				If the business is new, there must be a signed commitment by the business that
				their relocation or expansion will occur and a list by job titles and annual
				income of all new jobs to be created;
(v) The business must certify that at least
				51 percent of all new jobs created will be made available to low to moderate
				income individuals;
(vi) A
				statement of proposed impact upon the community;
(vii) Documentation by the community that no
				other funding source exists;
(viii)
				Certification by the local government and the business that in the event the
				business does not locate on the improved site, all grant funds will be returned
				to the state;
(ix) Evidence that
				the SHPO was contacted and consulted and a brief narrative of the results of
				the consultation (See Chapter 1, Section 13 );
(x) An assessment of probable operation and
				maintenance costs of the facility or site improvement(s) to be constructed
				using CDBG funds, and an explanation of how those costs will be
				funded;
(xi) A narrative
				explanation of how the project will either directly or indirectly provide for
				the creation and retention of jobs that are, available to low to moderate
				income persons and aid in the diversification of the Wyoming economy;
(xii) A detailed project budget;
(xiii) Signed Certification of Applicant and
				supporting documentation for the citizen participation process including a copy
				of the public notice, resolution and a copy of the official meeting
				minutes;
(xiv) A draft development
				agreement and evidence of the business' good standing with the Secretary of
				State's Office;
(xv) Site map and
				photographs of the project site;
(xvi) If the project involves acquisition it
				is imperative that the applicant contact the WBC and should not execute any
				agreements prior to doing so;
(xvii) In determining the selection of
				projects, each application will be reviewed for completeness based upon the
				requirements listed previously. Each application will be using the numerical
				system that follows:
(A) Cost per job - Up to
				20 points. If the CDBG total cost of the project is $5,000 or less per retained
				or newly created job, a total of 20 points will be awarded. $10,001 to $15,000
				per job will receive 15 points. An expenditure/job ratio of $15,001 to $25,000
				will be 10 points; and $25,001 to $35,000 will be 20 points. If the total cost
				of the project exceeds $35,000 per job, then zero 5 points will be
				awarded.
(B) Potential economic
				benefit/job creation- Up to 20 points. - it is important to demonstrate the
				overall economic boost that would accrue to a community if the grant is
				awarded. Emphasis will be placed on documentation of jobs retained (if
				applicable), job creation, and the positive impact to local, regional and state
				economic development efforts.
(C)
				Integrated Effort - Up to 50 points.
(I)
				Partners-Up to 20 points. Are there partners in the project? Please describe
				them and their contribution. Up to 20 points.
(II) CDBG Percentage-Up to 10 points. What
				percentage is CDBG of the total project?
(1.)
				0-25%- 10 points
(2.) 26-50%- 5
				points
(3.)51-100-0
				points
(III) Operations
				and Maintenance-Up to 10 points. How will operations and maintenance expenses
				be addressed?
(IV) Community
				Readiness-Up to 10 points. Is there community readiness potential in this
				project?