Gov. Mead authorizes $5 million loan to keep WyoTech open
Wednesday, August 22, 2018
Gov. Matt Mead authorized a loan Monday of up to $5 million to DBJJDM Enterprises for the operation of WyoTech Institute in Laramie.
"The community of Laramie, state legislators, education leaders and others worked with my office to evaluate all options to keep WyoTech operating in our state," said Wyoming Governor Matt Mead. “The Wyoming Business Council reviewed DBJJDM’s business plan and financial documents. After reviewing the information and recommendation from the Business Council, I accepted the recommendation for a $5 million loan to DBJJDM to operate the WyoTech Institute in Laramie. I appreciate the hard work to keep WyoTech open and providing excellent educational opportunities.”
Following an announcement by WyoTech’s parent company that it would shut down the campus, founded in Laramie in 1966, the Wyoming Legislature and Gov. Mead empowered the Wyoming Business Council to solicit proposals for the continued operation of WyoTech and appropriated $5 million to help a new owner purchase the school.