085-1 Wyo. Code R. § 1-14
In addition to the Guiding Principles for the Business Ready Community Grant and Loan Program the Council may evaluate a grant and/or loan application utilizing one or more of the following criteria and measures:
(a) The extent to which the project will increase the number of primary jobs;
(b) The extent to which the project will create jobs at or above the county mean and/or median wages;
(c) The extent to which the project will create sustainable jobs or jobs with benefits such as health insurance and retirement;
(d) The extent to which the demand for those services outpaces the existing supply of services causing a detriment to the ability of the applicant to develop its workforce, community needs and economy;
(e) The extent of private investment in capital equipment and/or facilities for a new or existing business. Preference is given to projects leveraging private investment;
(f) The extent to which the project aligns with targeted industries identified by the local and regional community as well as the Council;
(g) The extent to which the total revenue for an existing business is increased;
(h) The extent to which the market share increases for an existing business as measured by units sold or some other measure that competitors in the market generally recognize as valid;
(i) The viability and thoroughness of a business plan which includes, at a minimum, a business description, management qualifications, market investigation, balance sheet, profit and loss for the previous three (3) years or tax returns for the previous three (3) years and cash flow projections for the next three (3) years;
(j) The extent to which the project helps an applicant attract new businesses and/or expand and retain existing business(es);
(k) The extent to which the project helps an applicant fulfill community development goals related to economic development;
(l) The extent to which the project helps an applicant diversify its economy;
(m) The extent to which the project builds upon an applicant's unique assets and characteristics to develop momentum in market niches;
(n) The extent to which the project is ready to begin construction and/or implementation. For example, projects have secured financing, permits and licensing, zoning classifications, annexation, appraisals and purchase agreements necessary to complete the project;
(o) The extent to which the project helps the applicant grow the local workforce;
(p) The extent to which the project helps the applicant expand entrepreneurial and/or workforce training;
(q) The viability and thoroughness of the recapture plan for revenue generating projects that will anticipate revenue streams and prioritize economic development initiatives to be paid for with the revenue while allowing the applicant flexibility to respond to opportunities;
(r) The extent to which the project involves the use of a Business Ready Community loan;
(s) The extent to which the project leverages additional private investment.
(t) The extent to which the project assists the applicant's Main Street Program efforts;
(u) The extent to which the Community Enhancement project provides a listing of proposed community enhancement projects and site related to economic development along with preliminary cost estimates;
(v) The extent to which the planning project will create or further develop an applicant's specific economic development strategy;
(w) The extent to which the planning project will potentially lead to job creation or retention;
(x) The extent to which the planning project will address methods of funding to implement the plan;
(y) The extent to which the tourism planning project will increase overnight visitors, local sales tax revenue, local lodging tax revenue and local employment opportunities and earnings;
(z) Satisfactory performance under previous grants awarded through this program;
(aa) The extent to which the project will provide for information technology services to the state or to the applicant at a price discounted from the fair market value of the services;
(bb) The extent to which the project will provide information technology services to technology related businesses in the state, at a price discounted from the fair market value of the services;
(cc) The extent to which the project will facilitate the expansion or retention of a business developed at the University of Wyoming Business Technology Center;
(dd) In order to determine compliance with Article 16, Section 6 of the Wyoming Constitution, the Council staff will consult with the Attorney General when evaluating a request to fund a "Business Committed" project, project involving a private developer or a "Managed Data Center Cost Reduction" project. The application and the Council recommendation will be reviewed by the Attorney General using the following criteria:
085-1 Wyo. Code R. § 1-14
Amended, Eff. 7/25/2016.