(a) The maximum grant amount is $2,250,000. The grant amount will be determined by the business' match amount.
(b) The grant shall require a minimum private investment match that is at least one hundred twenty-five percent (125%) greater than the "Managed Data Center Cost Reduction" grant. No less than fifty percent (50%) of the match shall be calculated by the net wages of those employees earning one hundred fifty percent (150%) of the median wage for all occupations in all industries within the county in which the project will take place. Nor more than fifty percent (50%) of the match shall be calculated by the private capital investments in taxable items. The following table shows three (3) examples of grant amounts and the required match. The match can be realized up to five years. The following table shows three (3) examples of grant amounts and the required match.
Total Grant Amount | Percent of Minimum Consideration | Minimum Required Match (Realized over 5 Years) | Minimum Percent of Required Consideration Comprised of Wages (100% of which are 150% the County Median) | Minimum Required Wages (100% of which are 150% above County Median) | Maximum Private Capital Investment in Taxable Items Allowable as Consideration |
$ 2,250,000 | 125% | $ 2,812,500 | 50% | $ 1,406,250 | $ 1,406,250 |
$ 1,500,000 | 125% | $ 1,875,000 | 50% | $ 937,500 | $ 937,500 |
$ 750,000 | 125% | $ 937,500 | 50% | $ 468,750 | $ 468,750 |
085-4 Wyo. Code R. § 4-2
Adopted, Eff. 7/25/2016.