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.