Loans & Grants

The following loans and grants are available to businesses located in Northeast Wyoming in the Counties of Campbell, Converse, Crook, Niobrara, Sheridan, and Weston. Read the brief descriptions to determine what funding your business may qualify for and then contact the appropriate agency to discuss your needs. You will find contact information for each organization on the back page.

Funding sources include local governments, as well as state and federal government. The application process for many of the programs is competitive and the funding is limited. You are encouraged to develop feasibility and business operating plans to assist you in your application process. Check web addresses for up to date information.

These sites are free and updated regularly, so don´t pay anyone for grant information, because if it: SOUNDS TOO GOOD TO BE TRUE, IT PROBABLY IS.

Wyoming Programs

Workforce Development Training Fund Grants

Contact   Local or Regional Economic Development Organizations
Wyoming Business Council Regional Director
Workforce Service Centers
Funding Source   State Fund
Administering Body   Department Workforce Services (DWS)
Eligible Applicants   For-profit and non-profit businesses, County Hospitals
Eligible Activities   The grant may be used to cover a percentage of eligible costs of training for new or upgraded skills for existing and new employees up to a $2,000 maximum per year per employee. The Employer will be required to cover wages and a percentage of the training and travel costs. The grant may only be used to pay for training that occurs after the grant is approved.
Schedule   Applications accepted anytime. Approval takes about six weeks.
Additional Information   http://wydoe.state.wy.us

Wyoming Business Council Trade Show Grants

Contact   Local or Regional Economic Development Organizations
Funding Source   Wyoming Business Council
Administering Body   Wyoming Business Council
Eligible Applicants   Must be a Wyoming based company that is maintaining or creating employment in Wyoming. Must be able to demonstrate that the attendee is capable of capitalizing on the trade show.
Eligible Activities   Allowable expenditures include space rental, booth design, booth construction, booth equipment and/or furniture rental, transportation expenses, booth utility costs.
Other Criteria   Limited to $1,500 annually for each participant. Must have a recommendation from the local economic development group, chamber of commerce or community group.
Schedule   Application must include 12 month period of planned trade show events into one grant application and must be submitted at least 30 days prior to the first planned trade event in the application.

WSSI Phase 0-SBIR/STTR Proposal Planning Grant

Contact   WSSI Outreach Coordinator
Funding Source   Wyoming Business Council administered through the University of Wyoming
Administering Body   University of Wyoming Vice-President of Research
Amount   Maximum of $5,000; typically 2 awards/month
Deadline   5:00 p.m. the first day of each month
Eligible Applicants   Small business with less than 500 employees, for-profit business, American owned and independently operated, principal investigator employed by business.
Purpose   To assist Wyoming entrepreneurs and innovative small businesses in obtaining federal Small Business Innovative Research (SBIR) and Small Business Technology Transfer (STTR) grants to fund the development of innovative new product or service concepts.
Other Requirements   All applications must be submitted electronically. This is a fixed price contract grant. There are no match requirements. The goal for the SBIR/STTR program is to bring a new product or service idea from the concept stage to commercialization.
Additional Information   Detailed information is available at http://www.uwyo.edu/sbir

Community Development Block Grant – Technical Assistance Program

Contact   Local or Regional Economic Development Organizations
Funding Source   Wyoming Business Council administers funds from HUD-CDBG
Administering Body   Wyoming Business Council
Eligible Applicants   A local governmental entity on the behalf of a for-profit business.
Eligible Activities   Business plans; marketing studies; feasibility studies; packaging; prototypes; consulting on sales, cash flow and marketing.
Other Criteria   Must meet state and federal policy objectives
Additional Information   Very limited funding available on an annual basis
Schedule   Applications accepted year round. Requires 90 to 120 days including public hearings to process.

Wyoming Business Council Financial Tools

Contact   Wyoming Business Council Regional Directors or local Economic Development Organization
Funding Source   State of Wyoming
Administering Body   Wyoming Business Council
Program   Short term financial assistance to meet specific business needs. Most require traditional lender participation and sound business plan.
Applicants   Any business may apply to the Wyoming Business Council or local Economic Development Organization.
Additional Information   www.wyomingbusiness.org

Wyoming Women´s Business Center – Micro Loan Program

Contact   Wyoming Women´s Business Center
Funding Source   U. S. Small Business Administration, Wyoming Industrial Development Council, Wyoming Women’s Business Center
Administering Body   Wyoming Women’s Business Center Loan Committee
Amount   The WWBC accepts applications for loans from $500-$20,000. Smaller loans ranging from $500 - $10,000 are preferred and most common. Larger loans require an excellent business plan and prior business management experience.
Deadline   Applications accepted any time
Eligible Applicants   Will consider requests from any Wyoming resident.
Eligible Activities   Proceeds of micro loans may be used for working capital, inventory supplies, furniture, fixtures, machinery, and/or equipment. In no case shall the proceeds be used for down payments or purchase of real estate, or for pyramid scheme/multi-level marketing businesses.
Additional Information   Detailed information is also available at http://www.wyomingwomen.org

Local Programs

Casper Area Economic Development Incentives

Contact   Casper Area Economic Development Alliance, Inc.
Funding Source   Public and private funding available
Administering Body   Casper Area Economic Development Alliance, Inc. and Joint Powers Board
Program   Incentive funding can be made available for fixed assets, in conjunction with conventional financing. An essential element is the creation of base or primary jobs. The program is flexible and customized, based upon the number of jobs, wage level and capital investment involved.
Applicants   Financially viable businesses expanding in or relocating to the Casper/Natrona area.

Contacts

Local and Regional Economic Development Organizations

Big Horn Economic Development District
Service Area: Johnson and Sheridan County
55 N. Main, Buffalo, WY 82834
(307) 684-5544, 800-227-5122
Buffalo Chamber of Commerce
Service Area: Johnson County
55 N. Main, Buffalo, WY 82834
nadgross@wyoming.com
(307) 684-5544, 800-227-5122
Campbell County Economic Development Corporation
Service Area: Campbell County
222 S. Gillette Avenue, Suite 402
P.O.Box 3948 Gillette, WY 82717
ccedc@vcn.com
(307) 686-2603, 800-376-0848
North East Wyoming Economic Development Coalition
Service Area: Campbell, Converse, Crook, Natrona, Niobrara & Weston
222 S. Gillette Avenue, Suite 402
P.O.Box 3948 Gillette, WY 82717
newedc@vcn.com
(307) 686-2603, 800-376-0848
Sheridan Area Development Alliance
Service Area: Sheridan County
203 S. Main Suite 2003
Sheridan, WY 82801
bill@sadawyo.org
(307)-673-8004
Converse Area New Development Organization
Service Area: Converse County
121 Brownfield Rd.
P.O.Box 593 Douglas, WY 82633
CANDO@netcommander.com
(307) 358-6520

Wyoming Business Council Regional Directors

Northeast Region
Sheridan, Johnson, Campbell, Crook and Weston
Dave Spencer, Regional Director
222 S. Gillette Avenue, Suite 402
Gillette, WY 82717
dspencer@wysbc.com
(307)685-0283, (307)689-1320
Central Region
Converse and Niobrara
Steve Elledge, Regional Director
300 S. Wolcott, Suite 300
Casper, WY 82601
selled@state.wy.us
(307) 577-6012

State Organizations

WSSI Outreach Coordinator
Jill Kline
222 S. Gillette Avenue, Suite 402
Gillette, WY 82716
jillkline@vcn.com
(307) 682-2660, 866-703-3280
Wyoming Small Business Development Center
Campbell, Crook, Johnson, Sheridan, Weston
222 S. Gillette Avenue, Suite 402
Gillette , WY 82716
sbdc@vcn.com
(307) 682-5232, 888-956-6060
Wyoming Women’s Business Center
P.O.Box 3661
Laramie, WY 82071
www.wyomingwomen.org
(307) 766-3084, 888-524-1947
Wyoming Small Business Development Center
Converse and Niobrara
300 S. Wolcott #300
Casper, WY 82601
sbdc@trib.com
(307) 234-6683, 800-348-5207