CHEYENNE, Wyo. (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.
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The company specializes in making disposable rodent cages used in medical research labs.
Innovive says used cages would be sent to the 80,000-square-foot (7,400-square -meter) 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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Information from: Wyoming Tribune Eagle, http://www.wyomingnews.com
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