CHEYENNE – Gov. Mark Gordon has allocated $50 million in additional funding from the federal CARES Act to the Business Interruption Stipend Program to ensure the program keeps pace with demand from small businesses across the state.
The additional funding is available to businesses with 50 employees or fewer to help them recover from the economic impacts of COVID-19. The Business Interruption Stipend was created by the Wyoming Legislature during its special session in May.
The governor used the authority given to him in the legislation to move these additional funds into this program, according to a news release. In May, Wyoming had the third-lowest unemployment rate in the country.
The Wyoming Business Council will continue to accept applications until 11:59 p.m. Thursday, July 2, and will continue to process all applications submitted by the deadline. Eligible businesses that have not yet applied can visit https://wyomingbusiness.org/wyobizrelief.
A grant program for businesses with 100 or fewer employees, as well as a reimbursement program for coronavirus-related health and safety expenses incurred by businesses of all sizes, are expected to launch the week of July 13.