Wyoming Approves More Than $9M Loan for Rodent Cage Plant
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.
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.