From the Governor
“As an entrepreneur, I feel very strongly that Wyoming’s future is based on small businesses having the best chances they can.” —Gov. Mark Gordon
Winning in Wyoming
Wyoming is slowly recovering after losing nearly 20,000 jobs in 2015 and 2016, largely due to a decline in the mineral extraction industries. The state is now develop- ing a 20-year strategy that pieces together economic development, workforce and education to fuel tech growth. The Wyoming Department of Education announced in April the creation of Boot Up Wyoming
2022, an initiative to facilitate the extension of computer science into the K-12 curriculum.
Business Ready Community Grant and Loan Program: Offers awards of up to $3 million with a 10% to 30% match to finance publicly owned infrastructure upgrades to assist the startup, retention or expansion of a business in the state.
Wyoming Partnership Bridge Loan: Offers loans of up to 35% of the project (maximum of $1 million) in a shared collateral position with a local lender at an interest rate of 5% for the first five years.
Economic Development Large Project: Offers funds for the purchase, construction and installation of buildings or equipment. Minimum loan of $5 million with applicant contributing at least 25% of total cost.
Wyoming Business Council: wyomingbusiness.org
Wyoming Economic Development Association: wyomingeda.org/weda
Cheyenne LEADS: cheyenneleads.org
Greater Cheyenne Chamber of Commerce: cheyennechamber.org
Casper Area Economic Development Alliance: caeda.net
Highlighted Program or Initiative
The state legislature recently passed into law five bills that promote the advancement of blockchain technology and cryptocurrency. House Bill 70, the “Utility Token Bill,” is designed to exempt specific cryptocurrencies from state money transmission laws. Experts say it’s a significant move that could further the state’s position as a cryptocurrency capital.
- Truweigh announced in June 2017 it will locate a 27000-square-foot warehouse in Cheyenne.
- Weatherby announced in January 2018 it will relocate from Paso Robles, California to Sheridan and will create up to 90 jobs in the next five years.
- Kawasaki Heavy Industries announced in April 2018 it will test its solid sorbent capture technology at the Wyoming Integrated Test Center in Gillette.
- Precious Cat announced in August 2018 it will relocate its manufacturing and distribution facility to Cheyenne.
- Gunwerks announced in October 2018 it will expand with a new facility in Cody and create 52 jobs.
Cloud Peak Energy
Sierra Trading Post
“We chose Cheyenne because, in addition to the availability of rail and rail-served land, we appreciate the work ethic and values present in a town the size of Cheyenne.” —Dr. Bruce Elsey, President, Precious Cat