Wyoming Economic Development Initiatives
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Scott Sutherland
Community & Economic Development
USDA, RD WY
Scott.sutherland2@wy.usda.gov
USDA
•
2
nd
largest lender in the world
•
Will partner (we play well with others)
•
Increase relationships with WBC, EDA, UW, SLIB, WWDC,
Private Sector, many others
Business & Industry
•
Loan Guarantees
•
Under $100,000 use SBA
•
Driven by Lender, but only 25 percent of banks use B&I due
to volume
•
Can make or break larger deals
•
Same amount of underwriting
•
May need to push bank!
Revolving loan funds
•
RBEG – Grant
•
IRP – Loan
•
Micro Entrepreneur – Loan/Grant
•
REDLG – Loan/Grant
Agriculture
•
Value Added Producer Grant – Dairy, winery, feed mill, etc.
•
Community Greenhouse/Garden
•
Coop Creation
The Program – Water and Environmental Programs
What can we fund:
New Rural Water System
Rural Water Extensions & Upgrades
Water Storage Tanks
Water Treatment Plants
New Sewer Systems
Sewer System Extensions
Sewer Treatment Plant Improvement
Equipment
Trash trucks
Transfer stations
Landfills and landfill closures
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Work with SLIB & NO Davis-Bacon
Eligible Projects and Expenditures:
○
Health Care: hospitals,
clinics, etc.
○
Public Safety: police/
fire stations, vehicles,
communications, etc.
○
Private Education:
charter schools, etc.
○
Public Services
○
Transportation
○
Energy Improvements:
solar, wind, efficiency
improvements
○
Construction
○
Expansion
○
Rehabilitation
○
Land acquisition
○
Legal fees
○
Engineering/Architectural fees
○
Capitalized interest
○
Equipment
○
Initial operation
○
Maintenance costs
○
Project contingencies
○
Refinance existing debt
25% Grant
75% Loan
Energy Efficiency Improvements Projects include any energy
savings measures to businesses or agricultural operations including
but not limited to replacement of inefficient equipment, retrofitting,
insulation or any recommended improvement identified in the
energy assessment or energy audit.
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)
•
Eligible: Individuals, LLC, LLP, Corporations, or Non-Profits
that are owned or controlled by Ag Producers
•
Must
directly
engage in production of agricultural
products.
•
At least
50%
of gross income must be from agriculture
production
.
•
US Citizenship 51%
•
Planning Grant $75,000
•
Working Capital $200,000.
•
There is a $1 to $1 match requirement
•
Must be a change in the physical state of the product
Value Added Producer Grants (VAPG)
HOUSING
•
Single Family loans
•
Multi family loans and grants
•
Senior Housing
•
Housing Rehab
•
Partner with WCDA, HUD, FHLB, Private Sector, Non Profits
and others
•
Bring us a Project
•
The more grant/subsidy involved, the lower the income.
HEALTHCARE
•
Hospitals
•
Clinics
•
Nursing Homes
•
Telemedicine
Utilities
•
Electric & Telecom Loans
•
Rural Broadband Loans
•
Telemedicine Grants
•
Renewables
Successes in Wyoming
Police Cars
Ambulances
Multi-Family Housing
Fire Trucks
Clinics
Nursing Home
Senior Citizen Center
Equipment
Meals on Wheels Truck
Hospital Rehabilitation
Community Centers
Housing
Mental Health Buildings
Businesses
Group Home Buildings
Energy
Sewer Projects
Water Projects
We have had many success stories in Wyoming, but there is still a
great need. We would ask “What is your vision for your hospital, clinic, or
community? How can we partner with you to make that vision a reality?”
Things to Remember
•
We give several million back each year!
•
If you need it, we can fund it.
•
We work with lenders and private funding sources.
•
We work with State and local funding sources.
•
We will partner with our funding
•
We fund projects that are sustainable for the long term.
If it makes sense, if it helps someone, and it’s legal
USDA RURAL DEVELOPMENT CAN DO IT.
All Programs
•
•Business & Industry Loan Guarantees
•
•Intermediary Relending Program
•
•Rural Business Development Grants
•
•Rural Business Investment Program
•
•Rural Economic Development Loan & Grant Program
•
•Rural Microentrepreneur Assistance Program
•
•Socially-Disadvantaged Groups Grants
•
•Value Added Producer Grants
•
•Delta Health Care Services Grants
•
•Rural Cooperative Development Grants
•
•Advanced Biofuel Payment Program
•
•Repowering Assistance Program
•
•Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program
•
•Rural Energy for America Program (REAP) Energy Audits & Renewable Energy Development Grants
•
•Rural Energy for America Program (REAP) Renewable Energy & Energy Efficiency Loans & Grants
•
•Strategic Economic and Community Development
•
Rural Housing Service - Community Facilities
•
•Community Facilities Direct Loans & Grants
•
•Community Facilities Loan Guarantees
•
•Economic Impact Initiative Grants
•
•Rural Community Development Initiative Grants
•
•Tribal College Initiative Grants
All Programs (cont.)
•
Rural Housing Service - Multi-Family Housing
•
•Farm Labor Direct Loans & Grants
•
•Housing Preservation & Revitalization Demonstration Loans & Grants
•
•Housing Preservation Grants
•
•Multi-Family Housing Direct Loans
•
•Multi-Family Housing Loan Guarantees
•
•Multi-Family Housing Rental Assistance
•
Rural Housing Service - Single-Family Housing
•
•Mutual Self-Help Housing Technical Assistance Grants
•
•Single Family Housing Direct Home Loans
•
•Single Family Housing Home Loan Guarantees
•
•Single Family Housing Repair Loans & Grants
•
Rural Utilities Service - Electric Programs
•
•Denali Commission High Energy Cost Grants
•
•Distributed Generation Energy Project Financing
•
•Electric Infrastructure Loan & Loan Guarantee Program (FFB)
•
•Energy Efficiency & Conservation Loans
•
•High Energy Cost Grants
•
•State Bulk Fuel Revolving Loan Fund
All Programs (cont.)
•
Rural Utilities Service - Telecommunications Programs
•
•Community Connect Grants
•
•Distance Learning & Telemedicine Grants
•
•Farm Bill Broadband Loans & Loan Guarantees
•
•Telecommunications Infrastructure Loans & Guarantees
•
Rural Utilities Service - Water & Environmental Programs
•
•Circuit Rider Program
•
•Emergency Community Water Assistance Grants
•
•Grants for Rural and Native Alaskan Villages
•
•Household Water Well System Grants
•
•Individual Water & Wastewater Grants
•
•SEARCH - Special Evaluation Assistance for Rural Communities and Households
•
•Solid Waste Management Grants
•
•Water & Waste Disposal Grants to Alleviate Health Risks on Tribal Lands and Colonias
•
•Water & Waste Disposal Loans & Grants
•
•Water & Waste Disposal Loan Guarantees
•
•Water & Waste Disposal Predevelopment Planning Grants
•
•Water & Waste Disposal Revolving Loan Funds
•
•Water & Waste Disposal Technical Assistance & Training Grants
Partnerships
•
Identify funders
•
Identify funding gaps
•
Create implementation teams
•
Capacity enhancement with EDA and others
Questions
???
CONTACT
Scott Sutherland
USDA – Rural Development
Community Economic Development
PO Box 11005, Casper, WY 82602
(307) 233-6706
Scott.sutherland2@wy.usda.gov
The Wyoming Economic Development Association focuses on fostering rural development and partnerships with various entities like the USDA. They offer a range of financial assistance programs for businesses, agriculture, community facilities, and renewable energy projects. These initiatives aim to support economic growth and sustainability in Wyoming, covering areas such as loans, grants, and technical assistance.
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Presentation Transcript
Wyoming Economic Development Association Rural Development February, 2016 Scott Sutherland Community & Economic Development USDA, RD WY Scott.sutherland2@wy.usda.gov
USDA 2ndlargest lender in the world Will partner (we play well with others) Increase relationships with WBC, EDA, UW, SLIB, WWDC, Private Sector, many others
Business & Industry Loan Guarantees Under $100,000 use SBA Driven by Lender, but only 25 percent of banks use B&I due to volume Can make or break larger deals Same amount of underwriting May need to push bank!
Revolving loan funds RBEG Grant IRP Loan Micro Entrepreneur Loan/Grant REDLG Loan/Grant
Agriculture Value Added Producer Grant Dairy, winery, feed mill, etc. Community Greenhouse/Garden Coop Creation
The Program Water and Environmental Programs What can we fund: New Rural Water System Rural Water Extensions & Upgrades Water Storage Tanks Water Treatment Plants New Sewer Systems Sewer System Extensions Sewer Treatment Plant Improvement Equipment Trash trucks Transfer stations Landfills and landfill closures
Community Facilities Loan Guarantees and Grants Work with SLIB & NO Davis-Bacon Eligible Projects and Expenditures: Construction Expansion Rehabilitation Land acquisition Legal fees Engineering/Architectural fees Capitalized interest Equipment Initial operation Maintenance costs Project contingencies Refinance existing debt Health Care: hospitals, clinics, etc. Public Safety: police/ fire stations, vehicles, communications, etc. Private Education: charter schools, etc. Public Services Transportation Energy Improvements: solar, wind, efficiency improvements
Section 9007 Renewable Energy and Energy Efficiency Improvement (REAP) 25% Grant 75% Loan savings measures to businesses or agricultural operations including but not limited to replacement of inefficient equipment, retrofitting, insulation or any recommended improvement identified in the energy assessment or energy audit. Energy Efficiency Improvements Projects include any energy
Value Added Producer Grants (VAPG) Eligible: Individuals, LLC, LLP, Corporations, or Non-Profits that are owned or controlled by Ag Producers Must directly engage in production of agricultural products. At least 50% of gross income must be from agriculture production. US Citizenship 51% Planning Grant $75,000 Working Capital $200,000. There is a $1 to $1 match requirement Must be a change in the physical state of the product
HOUSING Single Family loans Multi family loans and grants Senior Housing Housing Rehab Partner with WCDA, HUD, FHLB, Private Sector, Non Profits and others Bring us a Project The more grant/subsidy involved, the lower the income.
HEALTHCARE Hospitals Clinics Nursing Homes Telemedicine
Utilities Electric & Telecom Loans Rural Broadband Loans Telemedicine Grants Renewables
Successes in Wyoming Police Cars Multi-Family Housing Clinics Senior Citizen Center Meals on Wheels Truck Community Centers Mental Health Buildings Group Home Buildings Sewer Projects Ambulances Fire Trucks Nursing Home Equipment Hospital Rehabilitation Housing Businesses Energy Water Projects We have had many success stories in Wyoming, but there is still a great need. We would ask What is your vision for your hospital, clinic, or community? How can we partner with you to make that vision a reality?
Things to Remember We give several million back each year! If you need it, we can fund it. We work with lenders and private funding sources. We work with State and local funding sources. We will partner with our funding We fund projects that are sustainable for the long term. If it makes sense, if it helps someone, and it s legal USDA RURAL DEVELOPMENT CAN DO IT.
All Programs Business & Industry Loan Guarantees Intermediary Relending Program Rural Business Development Grants Rural Business Investment Program Rural Economic Development Loan & Grant Program Rural Microentrepreneur Assistance Program Socially-Disadvantaged Groups Grants Value Added Producer Grants Delta Health Care Services Grants Rural Cooperative Development Grants Advanced Biofuel Payment Program Repowering Assistance Program Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program Rural Energy for America Program (REAP) Energy Audits & Renewable Energy Development Grants Rural Energy for America Program (REAP) Renewable Energy & Energy Efficiency Loans & Grants Strategic Economic and Community Development Rural Housing Service - Community Facilities Community Facilities Direct Loans & Grants Community Facilities Loan Guarantees Economic Impact Initiative Grants Rural Community Development Initiative Grants Tribal College Initiative Grants
All Programs (cont.) Rural Housing Service - Multi-Family Housing Farm Labor Direct Loans & Grants Housing Preservation & Revitalization Demonstration Loans & Grants Housing Preservation Grants Multi-Family Housing Direct Loans Multi-Family Housing Loan Guarantees Multi-Family Housing Rental Assistance Rural Housing Service - Single-Family Housing Mutual Self-Help Housing Technical Assistance Grants Single Family Housing Direct Home Loans Single Family Housing Home Loan Guarantees Single Family Housing Repair Loans & Grants Rural Utilities Service - Electric Programs Denali Commission High Energy Cost Grants Distributed Generation Energy Project Financing Electric Infrastructure Loan & Loan Guarantee Program (FFB) Energy Efficiency & Conservation Loans High Energy Cost Grants State Bulk Fuel Revolving Loan Fund
All Programs (cont.) Rural Utilities Service - Telecommunications Programs Community Connect Grants Distance Learning & Telemedicine Grants Farm Bill Broadband Loans & Loan Guarantees Telecommunications Infrastructure Loans & Guarantees Rural Utilities Service - Water & Environmental Programs Circuit Rider Program Emergency Community Water Assistance Grants Grants for Rural and Native Alaskan Villages Household Water Well System Grants Individual Water & Wastewater Grants SEARCH - Special Evaluation Assistance for Rural Communities and Households Solid Waste Management Grants Water & Waste Disposal Grants to Alleviate Health Risks on Tribal Lands and Colonias Water & Waste Disposal Loans & Grants Water & Waste Disposal Loan Guarantees Water & Waste Disposal Predevelopment Planning Grants Water & Waste Disposal Revolving Loan Funds Water & Waste Disposal Technical Assistance & Training Grants
Partnerships Identify funders Identify funding gaps Create implementation teams Capacity enhancement with EDA and others
Questions ???
CONTACT Scott Sutherland USDA Rural Development Community Economic Development PO Box 11005, Casper, WY 82602 (307) 233-6706 Scott.sutherland2@wy.usda.gov
