Laramie City Council approves $10M grant and $5M loan for Safran expansion

The Laramie City Council meeting on April 1, 2025, highlighted a significant partnership with Safran Passenger Innovations LLC, which promises to bring substantial economic growth to the community. Brad Enzi, representing the company, shared exciting developments about their expansion plans, which are expected to create 250 new jobs by 2030. This initiative is part of a broader strategy to enhance Laramie's workforce and attract high-paying jobs, aligning with the city’s goal to elevate median income levels.

Enzi emphasized that Safran, a division of a major global aerospace company, has already invested millions in local operations, demonstrating their commitment to Laramie. The company currently operates in the former UL Building 1, now referred to as the Safran parent ship, and is poised for rapid growth. The partnership not only aims to provide direct employment opportunities but also to foster relationships with various vendors, further stimulating the local economy.

Kaylee Holyfield, the Southeast Regional Director of the Wyoming Business Council, elaborated on the funding mechanisms supporting this project. The council is applying for a $10 million grant and a $5 million loan through the Business Ready Community program, which is designed to assist municipalities in developing community-owned assets that benefit local businesses. This financial support is crucial for the construction and development of facilities that will house Safran's operations.

Council members expressed strong support for the project, recognizing its potential to diversify job opportunities in Laramie. The council's commitment to this initiative reflects a collaborative effort among local businesses, the Wyoming Business Council, and community leaders to enhance economic development.

In conclusion, the council's approval of the loan application marks a pivotal step in securing Safran's expansion in Laramie, promising to bolster the local economy and provide residents with new employment opportunities. As the project progresses, it will be essential for community members to stay informed and engaged with the developments that will shape Laramie's economic landscape.