Wyoming ‘Endurance Fund’ Aimed at Businesses and Select Nonprofits

The state of Wyoming is offering up to $250,000 to eligible businesses and select nonprofits through its “Endurance Fund.”

The application process starts Monday, Nov. 2, at 10 a.m. and closes Nov. 18, at 8 p.m.

According to the state, there’s “at least $24 million available” for businesses and nonprofits with COVID-19-related losses. For perspective, Wyoming’s previous relief fund paid out $177.7 million. As such, the Endurance Funds may go quickly, so we recommend eligible businesses and nonprofits apply quickly.

BUSINESS ELIGIBILITY

• Has at least one full-time (30 or more hours per week) employee
• Established on or before March 13, 2020
• Headquartered in Wyoming or more than 50 percent of the company’s primary work is located in Wyoming and at least 60 percent of their employees employed in Wyoming or 60 percent of the business payroll paid to individuals living in Wyoming

NONPROFIT ELIGIBILITY

• Must be a 501(c)(3), 501(c)(6), 501(c)(12), or 501(c)(19)
• Established on or before March 13, 2020
• No minimum or maximum number of employees
• Headquartered in Wyoming or principal operations in Wyoming and at least 60 percent of their employees employed in Wyoming or 60 percent of the business payroll paid to individuals living in Wyoming
• Must have no more than 50% of time spent on lobbying

You can find more details — including qualifying expenses and a calculation worksheet — on the state’s website.

If you have any questions about COVID-19 relief funding, please let us know.

This communication is intended to provide general information on legislative COVID-19 relief measures as of the date of this communication and may reference information from reputable sources. Although our firm has made every reasonable effort to ensure that the information provided is accurate, we make no warranties, expressed or implied, on the information provided. As legislative efforts are still ongoing, we expect that there may be additional guidance and clarification from regulators that may modify some of the provisions in this communication. Some of those modifications may be significant. As such, be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed.