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Wed June 2, 2004
Business Council Spends Money Set Aside for Next Year
Jackson, WY – The Wyoming Business Council voted to fund 12 projects meant to stimulate economic development Wednesday in Jackson. The Council's Board of Directors did this even though it means spending money set aside for the Business Ready Community program next year. That program only had $4 Million left in its budget for this year. So, it looked like the council would have to make some tough choices because it had applications totaling $15 Million. But, the council decided to spend money that isn't available until July first. CEO Tucker Fagan says this is because the legislature underfunded the program. Fagan says he will ask for more money. Four communities did not have their proposals funded, but none of them expressed any frustration with the process. And the council's staff did say they would work with those cities and counties to create economic development.