CHEYENNE (WNE) — Plans to develop a $17.8 million manufacturing plant in Cheyenne are moving forward.
The Wyoming Business Council board on Thursday recommended the state approve a $9.35 million loan for the construction of an 80,000-square-foot biomedical facility on the city’s east side.
The loan, funded through the state’s Economic Development Large Project program, is still subject to State Loan and Investment Board review and governor approval.
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Owners of California-based Innovive, a company registered as WYTEC locally, are working with economic development groups to design and build a state-of-the-art manufacturing plant in the Cheyenne Business Parkway within two years. Cheyenne LEADS, which owns the business park, would sell the acreage to WYTEC.
The company specializes in disposable caging products for laboratory rodents used in medical research. Traditionally, these animals are housed in thick plastic containers that require regular sterilization, but Innovive CEO Dee Conger told the Wyoming Tribune Eagle in February this method is expensive and time-consuming.