Gov. Mead Commits $5 Million to Project Summit
Governor Matt Mead says he plans to provide $5 million dollars from the Governor's Data Recruitment Fund for Project Summit. These funds would be used for infrastructure in support of a $112 million dollar data center, which a company is considering building near Cheyenne. A decision from the companyis expected within 6 weeks. The State Loan and Investment Board approved a seperate $5 million dollar Business Ready Community Managed Data Center Cost Reduction grant on Monday.
The governor's investment of funds is contingent upon several factors specifically, the execution of a purchase agreement, a development agreement and a document demonstrating a bond has been posted securing repayment of all funds if the data center has not commenced construction in 3 years.