The Wyoming Business Council has posted information on their website outlining the programs created during the special legislative session held earlier this month.
Lawmakers met May 15 – 16, to discuss and allocate the $1.25 billion in CARES Act relief funds in response to the COVID-19 pandemic.
According to the WBC’s website, staff are drafting rules for three new grant programs to help businesses affected by the covid-19 pandemic. Staff will continue providing new information through the website, social media channels and news releases.
During an appearance on Sheridan Media’s Public Pulse, House District 51 Rep. Cyrus Western recommended visiting the WBC website and filling out the initial form. Western also made recommendations on what small business owners should have on hand before they file.
WBC staff are currently working on the process and rules of the Wyoming business relief programs.
Programs include the Wyoming Business Interruption Stipend – $50 million in grants of up to $50,000 to independent Wyoming businesses that employ fewer than 50 people.
The Coronavirus Business Relief Stipend – $225 million in grants of up to $300,000 for independent Wyoming businesses that employ fewer than 100 people. The Legislature set aside $50 million of this funding for businesses explicitly closed as a result of state orders.
The Coronavirus Mitigation Stipend – $50 million for reimbursement of up to $500,000 in expenses incurred for the health and safety of Wyoming employees and to comply with public health guidelines as a result of the COVID-19 pandemic.
The Business Council’s financing experts are currently working with Wyoming businesses and associations to understand and address specific nuances, write rules and finalize a process to distribute and track funds, according to the WBC.
The Business Council said they expect to launch the first portion of the grant program and open applications for businesses at the beginning of June. The agency anticipates holding webinars at the end of May to help business owners understand the program, determine whether they qualify and begin applying.
Subsequent programs and webinars will be rolled out at a later date.
WBC said business owners should watch for press releases and updates posted on the agency’s Facebook and Twitter channels.
Find more at https://wyomingbusiness.org/