CHEYENNE — Prior to now 9 months, the Wyoming Enterprise Council has infused virtually $513 million into the state’s financial system, serving to companies and nonprofits climate the challenges introduced on by the COVID-19 pandemic.
In March 2020, the U.S. Congress allotted the State of Wyoming $1.25 billion as a part of the Coronavirus Assist, Aid, and Financial Safety (CARES) Act. Throughout a Particular Session in Could, the Wyoming Legislature handed three payments to information how that cash was to be spent, initially earmarking $325 million for enterprise and nonprofit aid by means of the COVID-19 Enterprise Aid Program (BRP), which the Enterprise Council administered.
“Due to Governor Gordon, the Wyoming Legislature, and our companions, we had been capable of place aid funding instantly into the fingers of companies and nonprofits, conserving doorways open and extra of us employed,” mentioned Enterprise Council CEO Josh Dorrell. “Combining the aid funding with among the nation’s most business-friendly well being orders permits Wyoming communities to begin the yr in a a lot better place; nevertheless, we notice we’re not out of the woods but.”
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The BRP consisted of 5 funds: Interruption, Aid, Mitigation, Agriculture, and Endurance. In whole, virtually $420 million was awarded by means of these funds.
Total, by means of BRP and extra aid packages together with Join Wyoming, the Wyoming Meat Processing Enlargement Grant Program, the Power Rebound Program, and the Hospitality Loss Aid Program, $512.6 million was distributed statewide to eligible companies and nonprofits. A abstract breakdown of Enterprise Council-administered packages is offered beneath.
In 2021, the Enterprise Council plans to shift from restoration aid and proceed its efforts with personal companies, industries, and communities to adapt, add worth to Wyoming’s core industries, activate new sectors, and improve resiliency.
“We perceive the demand for added help and can proceed to work with state and federal stakeholders on any attainable COVID-19 associated financial improvement and aid efforts,” Dorrell added. “We will even attain out to companies throughout the state to grasp their challenges and decide methods to assist construct resilience.”