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Cheyenne

Downtown Cheyenne is shown in 2017. The state has approved a loan for a biotech company to build a nearly $18 million plant in Cheyenne.

CHEYENNE (AP) — Wyoming officials have agreed to loan more than $9 million to a biotech company to build a manufacturing plant in the state.

The Wyoming Tribune Eagle reports the State Loan and Investment Board signed off on the loan Thursday for California-based Innovive.

The company plans to construct a nearly $18 million plant in Cheyenne.

The company specializes in making disposable rodent cages used in medical research labs.

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Innovive says used cages would be sent to the 80,000-square-foot Cheyenne plant where the parts would be sterilized and reused in new cages.

The state treasurer's office and the company are still working out the terms of the loan.

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