More than $500 million in federal funding helped Wyoming businesses in 2020
In the past nine months, the Wyoming Business Council has infused almost $513 million into the stateâs economy, helping businesses and nonprofits weather the challenges brought on by the COVID-19 pandemic.
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In March 2020, the U.S. Congress allocated the State of Wyoming $1.25 billion as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
During a Special Session in May, the Wyoming Legislature passed three bills to guide how that money was to be spent, initially earmarking $325 million for business and nonprofit relief through the COVID-19 Business Relief Program (BRP), which the Business Council administered.
In the past nine months, the Wyoming Business Council has infused almost $513 million into the state’s economy, helping businesses and nonprofits weather the challenges brought on by the COVID-19 pandemic.
In March 2020, the U.S. Congress allocated the State of Wyoming $1.25 billion as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. During a Special Session in May, the Wyoming Legislature passed three bills to guide how that money was to be spent, initially earmarking $325 million for business and nonprofit relief through the COVID-19 Business Relief Program (BRP), which the Business Council administered.
“Thanks to Governor Gordon, the Wyoming Legislature, and our partners, we were able to place relief funding directly into the hands of businesses and nonprofits, keeping doors open and more folks employed,” said Business Council CEO Josh Dorrell. “Combining the relief funding with some of the country’s most business-friendly health orders allows W
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Wyoming Business Council distributed almost $513 million to pandemic-stricken economy in 2020
Plow’s Diner in Casper (Visit Casper)
CASPER, Wyo Wyoming Business Council said it infused almost $513 million into businesses and nonprofits in the last nine months to help them weather the challenges brought on by the COVID-19 pandemic. Over 900 of them were in Casper.
“Combining the relief funding with some of the country’s most business-friendly health orders allows Wyoming communities to start the year in a much better place,” said Business Council CEO Josh Dorrell. “However, we realize we’re not out of the woods yet.”
Wyoming was allocated the minimum $1.25 billion as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March, 2020.
Resilience is a trait of success.
The pandemic may have temporarily knocked down Wyoming, but we have an opportunity to take the lessons learned and come back stronger, more resilient. We can thrive, not just survive.
Challenges and adversity always push creativity. We’ve gone through boom-and-bust cycles in the state many, many times, but the hardships wrought by the recent pandemic have the potential to be transformative.
Josh Dorrell, CEO of Wyoming Business Council. (photo Courtesy of Wyoming Business Council)
Many of our industries were hit pretty hard, and they’re going to continue to suffer. We know that we’re not out of the woods yet, and we’re going to have to come together to leverage what we have learned.