We believe sustainable economic development is achieved through knowledgeable investing and great partnerships that support and engage the local community of entrepreneurs.
A partnership that a Consortium of Wyoming municipalities shares with the WSCN has been a catalyst for commercial businesses in Wyoming. The WSCN team professionally manages the original State Small Business Credit Initiative (SSBCI) allocation on behalf of our collection of municipalities. WSCN works to serve Wyoming small businesses with the capital necessary to obtain bank financing. Through this effort, the communities benefit from job creation/retention and the regional banks across Wyoming benefit from a flexible lending partner.
Town of Sundance
The federal government created the State Small Business Credit Initiative (SSBCI) in 2010. Out of this initiative, 17 municipalities joined together as a consortium to host the program in Wyoming. They selected Development Capital Networks (DCN) to form and administer the fund, which became the Wyoming Smart Capital Network (WSCN). DCN continues to manage WSCN capital access programs. The founding municipalities included Laramie, Casper, Cheyenne, Cody, Douglas, Edgerton, Gillette, Green River, Hanna, Hartville, Midwest, Pine Bluffs, Powell, Rawlins, Rock Springs, Sundance and Wheatland.
In 2017, WSCN fully deployed its $13.2 million allocation from US Department of Treasury. This capital has leveraged over $94 million in private bank financing and seed capital. What began as an investment from the federal government, is now an evergreen fund that continues to re-invest in Wyoming small businesses.
In 2018, WSCN expanded its service area to include the 10 counties of the original 17 Wyoming municipalities. In 2020, with support from WSCN and the U.S. Department of Agriculture, the Rural Development Fund was formed, expanding service to 2 additional counties. A recent grant from the Economic Development Administration (EDA), with matching funds provided by WSCN, now serves the entire state.
Interested in Wyoming Economic Development?
The recent stimulus bill is set to reauthorize the SSBCI program with additional funds. If you are interested in supporting WSCN in its efforts to bring capital to new and growing Wyoming companies, please .
Our Team draws on extensive experience to design, build and manage development funds that enhance regional economies.
Administrators and Managers
Enterprise Manager, Wyoming Smart Capital Network
+ Development Capital Networks, LLC
Development Loan Officer, Wyoming Smart Capital Network
Controller, Wyoming Smart Capital Network
We know that innovation thrives in communities
rich in capital, talent and knowledge.
City of Laramie
WSCN Advisory Council Chair
Town of Sundance
WSCN Advisory Council Vice Chair
City of Cody
Recreation Director, Converse County SD
City of Douglas
City of Gillette
Town of Hanna
City of Powell
City of Rawlins
Rural Development Fund Board of Directors
Town of Sundance
Rural Development Fund Chairman
Cimarron Capital Partners is a pioneer in strategic fund investing with over 25 years of experience designing and managing venture capital and private equity programs for regional economies.
Rural Development Fund supports small businesses in Wyoming with capital from the United States Department of Agriculture (USDA). The Fund anticipates additional monies will be made available in the near future to serve the entire state.