Wyoming § 9-12-114 Startup-Wyoming investments

Wyoming Statutes

§ 9-12-114 — Startup-Wyoming investments

Wyoming § 9-12-114

Title 09Administration of the Government

Ch. 12WYOMING ECONOMIC DEVELOPMENT ACT

Art. 1IN GENERAL

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Bluebook

Wyo. Stat. Ann. § 9-12-114 (2026).

Text

(a)The Wyoming business council in coordination with the economically needed diversity options for Wyoming (ENDOW) executive council, shall prepare a proposal under which the business council will invest in high growth startup business entities which provide opportunity to advance the entrepreneurial ecosystem in Wyoming in priority economic sectors identified in the approved twenty (20) year comprehensive economic diversification strategy under W.S. 9-12- 1402(a)(iv). The proposal shall be directed to investments for seed stage development or growth stage funding of business entities. The council shall include in the proposal:

(i)A suggested entity or entities, if any, to oversee the council's investment decisions under this section;

(ii)The council's determination of whether existing

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(a) The Wyoming business council in coordination with the
economically needed diversity options for Wyoming (ENDOW)
executive council, shall prepare a proposal under which the
business council will invest in high growth startup business
entities which provide opportunity to advance the
entrepreneurial ecosystem in Wyoming in priority economic
sectors identified in the approved twenty (20) year
comprehensive economic diversification strategy under W.S. 9-12-
1402(a)(iv). The proposal shall be directed to investments for
seed stage development or growth stage funding of business
entities. The council shall include in the proposal:
(i) A suggested entity or entities, if any, to
oversee the council's investment decisions under this section;
(ii) The council's determination of whether existing
statutory authority is sufficient to implement the program, and
if additional statutory authority is required suggested
legislation providing that authority;
(iii) Whether eligibility requirements for
investment, beyond those specified in this section, should be
provided by law;
(iv) Whether the council would propose additional
rules to implement the program, together with a description of
any such rules.
(b) The proposal shall be submitted to the ENDOW executive
council not later than July 1, 2018. The ENDOW executive
council shall include the proposal, together with changes
recommended by the ENDOW executive council, in the twenty (20)
year comprehensive economic diversification strategy plan
submitted pursuant to W.S. 9-12-1402(a)(iv).