Close Menu
The Elite TimesThe Elite Times
  • Home
  • Entrepreneur
  • Finance
  • Fund
  • Investment
  • Marketing
  • Stock
  • World
  • Business

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

March 29, 2024

Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

March 29, 2024
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Elite TimesThe Elite Times
  • Home
  • Entrepreneur

    21 Great Business Ideas for Nurse Entrepreneurs

    March 27, 2024

    EY announces 18 female entrepreneurs selected for EY Entrepreneurial Winning Women™ Asia-Pacific class of 2024 | EY

    March 27, 2024

    Victims of Baltimore bridge collapse include father of three and budding entrepreneur

    March 27, 2024

    Until April 2nd, get great discounts with lifetime access to this stock market app

    March 27, 2024

    Secure and reliable project management support for $25

    March 27, 2024
  • Finance

    Rocket Pharmaceuticals Announces Appointment of Aaron Ondrey as Chief Financial Officer and Additional Updates to Corporate Leadership Team

    March 26, 2024

    Reddit ignites resurgence in meme stocks, further sign of ‘bull market on all fronts’

    March 26, 2024

    Walmart stock plummets, retail giant expected to see further growth

    March 26, 2024

    Stocks soar as Wall Street looks to continue breaking records

    March 26, 2024

    Stocks soar as Wall Street looks to continue breaking records

    March 26, 2024
  • Fund

    Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

    March 29, 2024

    Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

    March 29, 2024

    The LDP slush fund scandal: What will make po

    March 29, 2024

    City of San Antonio seeks dismissal of Reproductive Justice Fund lawsuit

    March 29, 2024

    Clashes expected between Biden fundraisers and President Trump during preview visit to New York

    March 29, 2024
  • Investment

    Amazon (NASDAQ:AMZN) accelerates investment in humanity and accelerates AI drive

    March 28, 2024

    Recent trends in Kazakhstan’s investment situation

    March 28, 2024

    City of South Bend shares plans for Madison Lifestyle District with more than $330 million in private investment

    March 28, 2024

    OKX Ventures announces strategic investment in MyShell, a pioneer in AI-integrated Web3 technology

    March 28, 2024

    Reform of the EU Foreign Direct Investment Screening Regulation – How might M&A Transactions be impacted? | Mayer Brown

    March 28, 2024
  • Marketing

    Premium hospitality is on fire

    March 27, 2024

    S&P 500 sets record as Wall Street emerges from lull

    March 27, 2024

    DevvStream Announces Multi-Year Agreement to Sell CFR Credits with Major Logistics and Marketing Company

    March 27, 2024

    Global online dating services market by service (casual dating, matchmaking, niche dating), subscription (annual, monthly, quarterly), age group, and gender

    March 27, 2024

    Tower Federal Credit Union Receives Two CUNA Diamond Awards for Creative Excellence in Marketing

    March 27, 2024
  • Stock

    Forget Tesla: We think the ‘Magnificent Seven’ should replace this stock

    March 27, 2024

    Forget about Tesla: One of the unstoppable artificial intelligence (AI) stocks belongs to the ‘Magnificent Seven’ instead

    March 27, 2024

    2 Artificial Intelligence (AI) Stocks with Potential for Parabolic Growth

    March 27, 2024

    Mr. Powell’s comment

    March 27, 2024

    What you need to know about Trump Media’s stock debut

    March 27, 2024
  • World

    Take a look inside the New York Stock Exchange, the world’s largest stock market

    March 26, 2024

    China challenges Biden’s electric vehicle plan at World Trade Organization

    March 26, 2024

    Wolfspeed joins Senator Thom Tillis and key officials to conquer world’s largest and most advanced silicon carbide facility

    March 26, 2024

    Amy Brenneman, Raviv Ullman, Jeremy Love, cast and others in ‘Galilee’ world premiere, 34 years old

    March 26, 2024

    These beauty brands are among the most innovative companies in the world

    March 26, 2024
  • Business

    Canadian business leaders say housing should be a top federal budget priority

    March 27, 2024

    The power of mentorship in business

    March 27, 2024

    Los Angeles County business owner forced to pay damages after SWAT raid

    March 27, 2024

    Chinese President Xi meets with foreign business leaders amid economic uncertainty | Business and Economic News

    March 27, 2024

    China’s Xi Jinping meets with US business leaders in Beijing

    March 27, 2024
The Elite TimesThe Elite Times
Home»Fund»Wyoming Outdoor Recreation Fund receives $6 million every two years but has no way to manage it
Fund

Wyoming Outdoor Recreation Fund receives $6 million every two years but has no way to manage it

The Elite Times TeamBy The Elite Times TeamFebruary 14, 2024No Comments5 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email

[ad_1]

Last year, Wyoming joined the growing list of states with dedicated funds to invest in outdoor recreation.

But one thing the Wyoming Outdoor Recreation and Tourism Trust Fund lacks is an actual governance structure and revenue account to allow funds from the trust to be distributed.

Senate File 40 was supposed to resolve the issue, but it failed by three votes to get the two-thirds majority needed for introduction in the Senate on Monday.

This leaves House Bill 67 to create a viable fund with the means to disburse grants under the oversight of a nine-member board.

HB 67 was authored as a mirror bill of SF 40 by Rep. Sandy Newsom (R-Cody), Chair of the Travel, Recreation, Wildlife, and Cultural Resources Committee.

“It will probably be announced tomorrow, late morning or early afternoon,” Newsom said during Tuesday’s committee deliberations. “And I want to remind everyone that our committee unanimously voted in favor of this bill when we did our interim work, so you can vote in favor of introducing this bill. I look forward to that.”

I have money

Rep. Andrew Byron (R-Jackson) said he spoke with some of the “no” voters and was told that many did not understand the purpose of creating a governing board.

“They thought it was to establish an actual fund that had already been established at the last meeting,” he said. “So if I get any clarification from my colleagues, I think it’s worth talking about.”

Newsom said SF 40 was part of the Senate’s consent list and suggested that perhaps it was best to explain the item off the consent list.

“The explanation is that a trust fund was created,” she said. “The money is there. Tourism is spending $6 million every two years. And all we need now is to create revenue accounts and build a governance structure.”

The structure would be similar to what is in place at the Natural Resources and Wildlife Trust Fund, Newsom added.

“That means a nine-person committee will be created,” she said. “Large projects over $200,000 will go through Congress similar to the Wildlife Trust Fund. So this is similar to the Wildlife Trust Fund.”

Demand for outdoor recreation increases

Mike Kusiek, executive director of Wyoming Pathways, said there is already a huge demand in Wyoming for better outdoor recreation in communities across the state. As the popularity of outdoor recreation generally expands, its demand continues to grow.

Kusiek is among those advocating for HB 67 as an answer to that demand.

“In our research alone, at least 40 Wyoming municipalities have contacted us about some type of outdoor recreation facility in their area,” Kusiek told Cowboy State Daily. “We also learned that in the first round of ARPA grants, he had $14 million available, but had applications for $71 million.

“Since then, the ARPA grant program has been further reduced to the point where only two or three communities, and in some cases neighborhoods within a community, are eligible to receive funding from the first and second rounds of ARPA grants. I did.”

The Outdoor Tourism and Recreation Fund helps ensure a steady flow of funds to support communities in improving their outdoor recreation facilities.

“So if this trust fund is passed and we have a mechanism to pay the subsidies, it will solve this problem for many years to come,” Kusiek said. “Like all other trust funds, they will also earn interest. We will have a corpus and be able to pay grants from that income account. Ultimately the community will All that is needed to give the community (guarantee) that it will be their turn to receive some of this money to develop their projects.”

Kusiek added that the project was not imposed from outside. They will be what the community itself is looking for to meet the demands of its residents.

“A big part of what we’re doing (with this bill) is for the residents of Wyoming,” Kusiek said. “Wyoming residents demand these amenities from their communities so they can engage in leisure activities. It’s actually not all about tourism; it’s actually about improving the quality of life and economic development opportunities for communities. Most of the time it has to do with.”

If you don’t make it, they’ll still come

Outdoor recreation has become a growing sector of the American economy, especially since the coronavirus pandemic.

That’s doubly true in the Cowboy State, where opportunities for quality outdoor recreation abound from one end of the state to the other.

“(It’s) actually a huge part of our economy,” WYORBA Interim Coordinator Stephanie Kessler told Cowboy State Daily. “And when you look at outdoor recreation nationally, Wyoming ranks fourth in outdoor recreation as a percentage of state gross domestic product.”

Wyoming’s GDP is 4.1%, just behind Hawaii, Vermont, and neighboring Montana. In the number of employees employed in outdoor recreation, he ranks third in the nation with 5.6%.

A targeted approach to outdoor tourism could help further strengthen its economic impact, Kessler suggested.

But it’s also important to properly manage the onslaught of outdoor recreationists seeking Wyoming experiences and to ensure visitors don’t lovingly destroy this resource.

“Whether we like it or not, we feel like an outdoor recreation boom is here,” she says. “So it’s important that Wyoming gets it done, and that’s one of our organizing principles. We truly believe that outdoor rec should be done responsibly and according to Wyoming’s conditions. I am.”

This concept is not only a big part of why WYORBA was founded, Kessler added. The Outdoor Recreation and Tourism Trust Fund will be an important tool to ensure that all outdoor recreational pursuits are carried out in ways that best suit individual communities.

“It’s better to be proactive and figure out what you want to do than just throw your hands up and be overwhelmed,” Kessler said. “What I like about the trust fund bill is that it’s for the state of Wyoming. We’re not dependent on federal funding, so we have more flexibility.”

René Jean It can be accessed at Renee@CowboyStateDaily.com.

[ad_2]

Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleContra Costa Shark Tank invites young entrepreneurs to swim with big fish
Next Article The 7 biggest findings from Zbooni’s 2024 MENA c-commerce report
The Elite Times Team
  • Website

Related Posts

Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

March 29, 2024

Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

March 29, 2024

The LDP slush fund scandal: What will make po

March 29, 2024
Leave A Reply Cancel Reply

Demo
Latest Posts

21 Great Business Ideas for Nurse Entrepreneurs

March 27, 2024

EY announces 18 female entrepreneurs selected for EY Entrepreneurial Winning Women™ Asia-Pacific class of 2024 | EY

March 27, 2024

Victims of Baltimore bridge collapse include father of three and budding entrepreneur

March 27, 2024

Until April 2nd, get great discounts with lifetime access to this stock market app

March 27, 2024
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss

The Chamber’s “Business After Hours” event brings together business and industry interests that share a common goal – Grand Forks Herald

By The Elite Times TeamDecember 31, 2023

[ad_1] Editor’s note: The following is part of an occasional Herald series about how Grand…

Business Profile: Skradski Family Funeral Homes looks to the future | News, Sports, Jobs

January 2, 2024

Jeffrey Epstein’s court documents released without name

January 4, 2024

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

Demo
About Us
About Us

Welcome to [Your Website Name], your go-to source for comprehensive information on funds, investments, and the latest in stock news. We are dedicated to providing you with accurate, insightful, and up-to-date content to empower your financial decisions.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

March 29, 2024

Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

March 29, 2024
Most Popular

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Teenage Girl Finds Mom’s Debit Card, Spends $64,000 on Mobile Games

January 9, 2020

Apple’s Beats Studio Pro Headphones Listed in FCC Database Ahead of Launch

January 10, 2020
© 2025 theelitetimes. Designed by theelitetimes.
  • Home
  • About us
  • Contact us
  • DMCA
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.