Business Council spearheads economic diversification in 2017
Monday, February 05, 2018
The words were on the lips of every political leader, news reporter and business maven in Wyoming last winter: economic diversification.
Another slowdown in the energy sector had hit, elevating the urgency to find a new approach, one less dependent on the mood of the commodities markets.
Wyoming’s economy is stabilizing as the calendar turns to 2018. However, the Wyoming Business Council, the state’s economic development agency, has used the momentum of that conversation to retool the way it helps create an environment where industries are strong, diverse and expanding and the well-being of communities is a top priority.
With the help of the Business Council, economic powerhouses throughout the state announced major expansion plans this year. An advanced manufacturer opened for business. Business Council staff created new programs to bolster the state’s agriculture producers and pave the way for companies interested in exporting.
The Business Council also partnered with organizations like the University of Wyoming’s Business Resource Network, national nonprofit Project for Public Spaces, Gov. Matt Mead’s Economically Needed Diversity Options for Wyoming (ENDOW) and a number of community development, housing and industry experts and business executives to launch key projects in 2017 with an eye toward 2037.