Sam Krone

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.