 Wyoming names 25 opportunity zones for investors to defer taxes, lift neighborhoods
The 2017 Tax Cuts and Jobs Act created the opportunity zone program, which allowed states to designate qualified low-income areas as opportunity zones. Governor Mead nominated 25 zones in Wyoming in April and all 25 have since been certified by the U.S. Department of Treasury.
Opportunity zones allow any taxpayer to defer capital gains taxes by investing their gains in property or businesses within an opportunity zone. The goal is to create new jobs and wealth by encouraging investments. // READ STORY
 Gov. Mead authorizes $5 million loan to keep WyoTech open
Gov. Matt Mead authorized a loan Monday of up to $5 million to DBJJDM Enterprises for the operation of WyoTech Institute in Laramie.
"The community of Laramie, state legislators, education leaders and others worked with my office to evaluate all options to keep WyoTech operating in our state," said Wyoming Governor Matt Mead. “The Wyoming Business Council reviewed DBJJDM’s business plan and financial documents. After reviewing the information and recommendation from the Business Council, I accepted the recommendation for a $5 million loan to DBJJDM to operate the WyoTech Institute in Laramie. I appreciate the hard work to keep WyoTech open and providing excellent educational opportunities.” // READ STORY
 Business Council board recommends two projects
The Wyoming Business Council Board of Directors recommended two Business Ready Community (BRC) grant requests during its May 24 quarterly meeting in Gillette.
The Business Council board also accepted a staff proposal to adjust its allocation plan to create more emphasis on community development infrastructure projects in its Business Ready Communities grant and loan program. // READ STORY
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