Incentives

 

Business Ready COmmunity grants

Grants are typically between $1 million and $3 million through the Wyoming Business Council.


Workforce Training Grants

Grants average between $1,000 and $4,000 per employee through the Department of Workforce Services.


Trade Show Incentive Grants

Grants range from $500 to $1,500 through the Wyoming Business Council. department of Workforce Services.


LCBA Revolving Loan Fund Program

This fund helps new and existing business in obtaining financing through local institutions. The LCBA Revolving Loan Fund Program controls approximately $100,000.


Collateral Support Program

This program is operated by the Wyoming Smart Capital Network funded by the U.S. Department of Treasury’s State Business Credit Initiative (SSBCI). Designed working capital loans, it provides cash collateral on the borrower’s behalf. It helps small businesses overcome the challenge of insufficient collateral.


Wyoming Partnership (Challenge) Bridge Loan Program

Loans are provided through the Wyoming Business Council (WBC) in partnership with a local lender. The business must provide at least 15% of the total project cost. The State of Wyoming can participate up to 35% of the project cost or $500,000, whichever is lesser.


Wyoming Partnership (Challenge) Guaranteed Loan

Loans are provided through the Wyoming Business Council (WBC) in partnership with a local lender. The loan must have a Federal Guarantee (SBA or Rural Development B&I). The State of Wyoming can participate up to 50% of the project cost or $1,000,000, whichever is lesser.

 

Additional Incentives

 

Customized Incentives

LCBA understands that each business not only offers unique advantages to the community, but has unique needs as well. Therefore, the LCBA staff is willing to work with interested businesses on a one-on-one basis to develop specific strategies and possible incentives.


connectivity with government

Businesses can access and build relationships with local, state and national representatives. Companies in Laramie, Wyoming can enjoy accessibility that other states simply can’t provide. For example, the governor meets with interested companies regularly to hear needs and establish long-term relationships.


HUBZone

Albany County is a Historically Underutilized Business Zone (HUBZone) determined by the United States Small Business Administration. This includes gaining government contracts. By meeting certain criteria, like having your principal office in Albany County and employing local workforce you could qualify for several federal incentives.