CHEYENNE, Wyo. — Top Wyoming elected officials are set to vote this week on whether the state should lend $33.5 million to fund expansion of three major economic development projects.
The large projects heading before the State Loan and Investment Board on Thursday are a fuel additive plant in Cheyenne; an activated carbon plant in Gillette; and expansion of a pharmaceutical plant in Cody.
Cody Republican Senator Hank Coe sponsored legislation two years ago that created the state’s Large Project Economic Development Fund. He says it’s critical for Wyoming to support projects to diversify the state’s economy in the face of declining energy markets.
Coe says he intends to push to increase loan program funding if he’s re-elected to the Wyoming Senate this fall.