Wyoming Business Council Recommends $9.3M Loan for New Cheyenne Facility

Tue July 02, 2019 - West Edition #14
Associated Press

CHEYENNE, Wyo. (AP) The Wyoming Business Council board has recommended the state approve a $9.35 million loan for the construction of a biomedical manufacturing facility in Cheyenne.

The Wyoming Tribune Eagle reported that the proposed loan is still subject to State Loan and Investment Board review and governor approval.

Owners of San Diego-based Innovive are working with economic development groups to design and build a $17.8 million manufacturing plant within two years.

The company specializes in disposable caging products for laboratory rodents used in medical research. The products are used once and then recycled.

The company plans to employ 80 to 100 local workers, and the Business Council estimates a $3.2 million economic benefit to Wyoming annually.

For more information, visit wyomingnews.com.