Economic Incentives & Resources

The Town of Glenrock has access to a variety of financial tools to help a business locate or expand in the community. Following are some of these resources:

• WYOMING BUSINESS COUNCIL BUSINESS READY COMMUNITY GRANT & LOAN PROGRAM  

  The Town of Glenrock is eligible to apply for grants through the Business Ready Communities program and provide financing for publicly owned infrastructure that promotes economic development within Wyoming communities. Projects may include direct job creating projects where a business has committed to locate or expand in a community.

• RECAPTURE FUNDS

  The Town of Glenrock has been fortunate in receiving grants, primarily, Business Committed Grants through the Wyoming Business Council. Due to the success of these grants, the town has been able to accumulate recapture funds for future economic development.

• COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM

  This program provides grants to local governments for community and economic development projects. The CDBG Program provides grants based on job creation for low-to-moderate income individuals.

• INDUSTRIAL DEVELOPMENT BONDS

  Cities and counties may issue  tax-exempt industrial development bonds to provide financing for manufacturing and energy generation businesses. These bonds are issued within the State’s IRS allocation of tax-exempt bond financing. The maximum project is $10,000,000 and the business must apply for an allocation within the State’s volume cap. The Wyoming Governor’s Office can be contacted to apply for an allocation.

• ECONOMIC DEVELOPMENT ADMINISTRATION GRANTS

  The Economic Development Administration has specific funds set aside to assist counties that have been stricken hard with energy loss and unemployment. Both Converse County and Natrona County have experienced the greatest loss of jobs due to the decrease in production in the energy industry. The EDA offers grants for projects that help to mitigate the job loss and increase diversification. The Town of Glenrock would be an eligible applicant for these grants.

• USDA GRANTS

  The Rural Business Development Grant is a competitive grant designed to support targeted technical assistance, training and other activities leading to the development or expansion of small and emerging private businesses in rural areas. The Town of Glenrock would be an eligible applicant for these grants.

• WORKFORCE TRAINING GRANTS

  The Workforce Development Training Fund (WDTF) assists new and existing industries in the state with the training needs of newly hired or current employees. The major grants provided through WDTF are:

• BUSINESS TRAINING GRANTS FOR EXISTING POSITIONS

  Up to $2000 per trainee per fiscal year for established Wyoming businesses with existing employees who need a skill upgrade or retraining in their current occupation.

• BUSINESS TRAINING GRANTS FOR NEW POSITIONS

  Assists growing Wyoming businesses by deferring much of their training costs during the expansion phase and affords new businesses to the State a successful start-up by deferring much of the business’ training costs. Grants provide between $1,000- $4,000 per trainee per fiscal year, depending on the employee’s full-time status and wage amount.

• PRE-HIRE ECONOMIC DEVELOPMENT GRANT

  This program is designed to train skilled workers in a particular business or industry. Funds are allocated to a partner group consisting of four contributing entities:

  • A training provider who can deliver the training, certificate or skills the business requires:
    • A business, group of businesses or an industry with a need for workers.
    • The local or regional Economic Development entity, that will work within the local or regional economic network to provide assistance.
    • The local DWS Workforce Center, which will assist in the recruitment of potential skilled workers, along with placement of trained participants.