Wyoming Approves More than $9M Loan for Rodent Cage Plant
CHEYENNE, WY. (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.
Information from: Wyoming Tribune Eagle, http://www.wyomingnews.com