© 2024 Wyoming Public Media
800-729-5897 | 307-766-4240
Wyoming Public Media is a service of the University of Wyoming
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Transmission & Streaming Disruptions

House Gives Initial Approval To Economic Loan Bill

The Wyoming House of Representatives has given initial approval to a bill that sets up a state loan program and also helps fund the expansion of a Cody business. 

The bill allows loans to be used for large economic development projects.  It would also provides $24 million in state money for a company to expand its operation in Cody.  Officials say it will create over 100 jobs.  Cody Representative Sam Krone says these types of loans will help diversify Wyoming's economy.

"I see this as an expansion of a program that's worked," Krone says. "I see it with appropriate safeguards within the statutory language, I see this as a real opportunity to continue and double down on what we all believe is a priority for Wyoming.  That is to diversify our economy."

Krone says creating new jobs for the state is critical.  The bill will be debated two more times. 

Bob Beck retired from Wyoming Public Media after serving as News Director of Wyoming Public Radio for 34 years. During his time as News Director WPR has won over 100 national, regional and state news awards.
Related Content