economy

St. Patrick's Day is usually a popular day for bars to make money. And that's what Scott Lair, who owns the Great Untamed bar in Laramie, was expecting this year. But it was also around the time COVID-19 started hitting Wyoming.

Susie Pouliot recently got engaged and she and her fiancé wanted to have the ceremony as soon as possible. That's because her dad is terminally ill.

"So our thought was all about, 'what can we do in this shorter time frame to include my dad,' knowing that when we have our actual wedding he likely will not be able to be there" she said.

The University of Wyoming will be launching an Outdoor Recreation and Tourism Management degree this fall. It’s been a three-year effort, but those in the industry have wanted the degree for almost 20 years.

About 15 people circled a giant notepad at Casper College. They had already filled several pages and stuck them to the wall, and they were still brainstorming.

Last year the governor set up the Economically Needed Diversity Options for Wyoming Council, better known as ENDOW.

After a few months of touring the state and meetings, ENDOW has developed a list of recommendations to start setting the stage for diversifying the economy. Greg Hill is the Chairman of Endow and he tells Bob Beck why ENDOW is different from past economic development efforts. 

As part of our series, “I Respectfully Disagree,” Wyoming Public Radio’s Melodie Edwards journeyed into the heart of Wyoming’s coal country to the city of Gillette up in the northeast corner. Recently, it’s become an intensely divided community. In the last election, Wyoming went in greater percentage to Donald Trump than any other state, but Campbell County was one of the counties that supported Trump more than any other in Wyoming.

On Monday the group ENDOW, which stands for Economically Needed Diversity Options for Wyoming, will release its preliminary findings on ways to diversify the state’s economy. 

ENDOW has been working while many have been quietly skeptical, but those involved in the effort think they will finally break through.

Carbon dioxide emissions have a pretty bad reputation these days. The Paris Climate Conferencebrought together delegations from all over the world in an effort to cut carbon emissions and avoid catastrophic global warming. But right now, the dirtiest fuel - coal - still supplies nearly 40% of the electricity in the U.S. and in even more in many developing countries.

When you drive north into Torrington on highway 85 you see an iconic place. Since 1926 the Sugar beet factory, currently owned by Western Sugar Cooperative has been a mainstay of the local economy. Now is the busy season for the plant and you can hear it hum. Torrington is a small agriculture town of 7,000 people and according to Gilbert Servantez,  who is the manager of the Torrington Workforce Services Center, the sugar factory has been a major employer. 

With oil hovering around $45 a barrel these days, oil workers can go from making a six-figure salary, including overtime, to being unemployed and broke. When business is good, a $60,000 dollar truck, for example, might be a reasonable purchase and maybe even a business expense. But the oil industry isn’t like most businesses. Work can go away overnight.

Let’s start in 2011, when Wyoming was rocked by an investigation from the national news agency Reuters entitled, A Little House on the Secrets on the Great Plains.

“When you think of traditional secrecy and tax havens you most likely think of Switzerland, and the Caribbean,” begins the Reuters reporter in the accompanying video. She’s standing under the “Welcome to Wyoming” sign on I-80 outside of Cheyenne.

Over the last few years, Wyoming's African American population has grown faster than in any other state. According to census data, between 2010 and 2013, the number of black residents doubled. In some counties, especially those with a lot of energy development or tourism, that increase was more like 300, 500 or even 800 percent. Other rural Western states, all with unemployment rates well below the national average, are experiencing a similar trend.

In recent years there’s been plenty of discussion and a lot of worry in Wyoming about the future of coal. Politicians have blamed the federal government for the coal industry's struggles and pushed for coal export terminals to save it. But until now, there’s been very little data to back up the talk. This week, economists at the University of Wyoming previewed a study looking at coal’s role in the state economy as well as its prospects for the future. Rob Godby is the Director of the Center for Energy Economics and Public Policy and lead author of the report.

Oil prices have been in freefall in recent months, dropping by more than half since June. For energy states like Wyoming, that’s bad news. As Governor Matt Mead pointed out recently, the state has a lot of money riding on oil.

This is not the first time Wyoming has weathered a downturn. In fact, for those who can remember all the way back to 2009 and crashing natural gas prices, today’s news may seem like deja vu. Booms and busts are part of the state’s economy. But do they have to be?

October is Domestic Violence Awareness Month, and across the state, shelters are reporting that victims are staying for longer periods of time than in the past. Wyoming Public Radio’s Willow Belden reports that the reason has a lot to do with the economy.

WILLOW BELDEN: Jamie Barton was 19 when she met the man who would become her abuser. After her first son was born, the violence started.