The Wyoming Business Council Board of Directors has unanimously approved $13 million in state grants and loans to help one of the country's largest producers of ammunition magazines for guns relocate to the state.
Erie, Colo.-based Magpul Industries is planning to move its production, distribution and shipping operations to Cheyenne. The company vowed to leave Colorado after that state enacted gun control laws last year.
The resource curse is real -- and discernible even at the county level -- according to a new study from the non-profit research group Headwater Economics.
Researchers looked at more than 200 counties across six western states, and found that those with above-average oil and gas development over a long period of time had lower per capita incomes, less educational attainment and higher crime rates.
Southeast Wyoming is reporting good economic growth and employment numbers. At the Economic Forecast luncheon today in Cheyenne, Cheyenne LEADS CEO Randy Bruns said the gross domestic product for the city in 2012 was 2.42 percent. The first two quarters of 2013 also showed above-average job growth, and rising retail and home sales.
On Wednesday, the Riverton City Council Chambers will host a pre-bid conference for the Wind River Job Corps project. Project administrators want to work with as many local contractors as possible.
The completed Job Corps complex will bring much needed training opportunities to Fremont County, as well as create over 100 permanent jobs.
Sandy Barton is the executive director of Fremont County’s Board of Educational Services. She says this meeting will give local contractors the chance to ask project managers questions about what kind of opportunities will be available.
An organization called Good Jobs First says Wyoming should play harder-to-get when businesses apply for state funding and tax incentives. Of the states requiring job-creation results from benefiting businesses, Good jobs first ranks Wyoming 49th. Dan Neal of the Equality State Policy center says Wyoming is being too loose with its purse strings without demanding a return in new jobs. He says while Wyoming looks at ways to diversify its economy through incentives…it is not unreasonable to require a certain number of good paying jobs to be created.