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State and local investments credited with unlocking private development in Sheridan County
Summary
Presenter recounted roughly $37 million in state funding and matching local and private investments over two decades in Sheridan County, and cited an example where a $9 million state investment unlocked $70 million in private investment and 400 jobs.
The presenter told meeting participants that over roughly the last 20 years the state has contributed about $37,000,000 to Sheridan County projects, with roughly $17,500,000 in local matches and about $18,000,000 from private partners. "It's kind of a 1 to 1, between the state and then...local, which is private and local government," the presenter said, framing the funding mix as demonstrating local 'skin in the game.'
To illustrate how targeted infrastructure can leverage private investment, the presenter described a Natrona County example where a roughly $9,000,000 public investment in water and sewer infrastructure helped unlock $70,000,000 of private investment and the creation of about 400 engineering jobs. Local participants and the presenter argued that infrastructure—rather than large business recruitment subsidies—is a scalable lever for supporting private-sector expansion.
