LARAMIE (WNE) — WyoTech announced Tuesday it will continue with an aggressive $33 million plan to expand its campus to accommodate a growing enrollment.

The school will buy two buildings on the campus that previously were leased and add a 90,000-square-foot expansion to one of them, according to a statement outlining the plan. Additions will include new classrooms and training center, along with creating 100 new jobs.

The school now has the capacity to work with 650 students, which will swell to about 1,100 once the expansion is complete, which is expected in January 2023. Between 2018 and 2021, the school has had a 2,300% increase in enrollment.

The money from the project came as a result of the New Markets Tax Program, which encourages investors to put money into businesses in low-income and rural communities, according to WyoTech. In return, the companies receive a tax credit toward their federal income taxes.

First Interstate Bank and U.S. Bancorp Community Development Corp. contributed to the expansion. MoFi, a community development lender that sells tax credits to companies then puts the proceeds toward community projects, helped as well.

“WyoTech has been an increasingly vital part of Laramie’s economy, but its ability to grow and train skilled workers couldn’t keep pace with the demand, and the school has been hamstrung by space limitations and rising construction costs,” MoFi President Dave Glaser said in the press release. “The impacts of this investment will benefit students, the community of Laramie and the state of Wyoming for generations to come.”