Diversification

Wyoming Bureau of Land Management attribution 2.0 generic (CC by 2.0)

Jim Robinson, principal economist for the Wyoming Economic Analysis Division, said when he looks at Wyoming's economy in the coming year, it's not going to bring news that anyone wants to hear. 

Wyoming Humanities

Wyoming has been working towards economic diversification and one way to do that is to make Wyoming's culture, arts and humanities programs a bigger part of the effort. Recently the former CEO of the Wyoming Business Council, Shawn Reese, joined Wyoming Humanities to further this effort. The Director of Wyoming Humanities is Shannon Smith and she and Reese explain the idea to Wyoming Public Radio's Bob Beck.

Screenshot from the report with a flow chart of carbon technology
American Jobs Project

A new report from the American Jobs Project outlines how Wyoming could become an economic leader in carbon technology. That includes developing activated carbon, graphene – a type of metal – carbon foam, and nanotubes. Those are materials that go into home insulations, concrete, and transmission lines.

Job listings posted on Plenty's website including an IT position in Laramie
Plenty

After just one year with a Wyoming facility, Plenty cut 23 of only 55 positions at the site Tuesday. Plenty is an indoor farming company based out of San Francisco. In June 2017, the company purchased the Laramie-based start-up Bright Agrotech.

Raspberry deLight Farms

One committee taking on Wyoming Governor Matt Mead’s economic diversification initiative will hold a public forum about agriculture this week.

The Executive Committee on Economically Needed Diversity Options For Wyoming, or ENDOW, has divided into five subcommittees representing different parts of the state’s economy.

Tech Jobs Tour

This Tuesday, November 7, an event in Cheyenne called Tech Jobs Tour will aim to help diverse and non-traditional workers find jobs in the local tech industry.

Stephanie Joyce

Gillette and other towns in Northeast Wyoming may be looking to carbon products - goods like water filters and building materials – to stabilize the coal industry.

The New Growth Alliance, which includes Sheridan, Buffalo, and Gillette, is a group focused on economic development in Northeast Wyoming. It recently held a conference to discuss alternative coal markets, and now the communities are combining efforts to recruit other types of businesses, as well.  

picserver.org/e/economy.html

Wyoming’s economy is the most sluggish in the nation, according to a report released by Bloomberg in December. That ranking came from analysis of employment, income, stock and home prices, as well as late mortgage payments around the nation. Bloomberg analysts attributed the state’s poor score to the recent energy downturn, as well as the fact that Wyoming has no urban center, where job growth tends to accelerate.

Energy Information Administration

According to a recent analysis by the U.S. Energy Information Administration, mining occupied approximately 35 percent of Wyoming’s GDP in 2013, up from around 29 percent in 2003. That makes Wyoming the most mining-dependent state in the country.

The increase comes despite calls from the Wyoming Business Council to diversify the state’s industries.

Wyoming Principal Economist Jim Robinson said that after concentrating on energy for so long, growth in areas outside energy is slow.