Diversifying Wyoming's Economy Through Aerospace

Tuesday, June 26, 2018

Two economic development groups announce a collaboration hoping to diversify Wyoming's economy through aerospace.

The president and CEO for the Casper Area Economic Development Alliance (CAEDA) tells us what that collaboration will involve.

"Our focus is on enabling our existing businesses to create primary jobs," said CAEDA CEO, Charles Walsh.

Through this new initiative CAEDA and Forward Sheridan executives hope to target the aerospace and department of defense markets.

"We're looking at ways that we can expand existing businesses, or recruit, or start or grow new companies."

They’re taking new approaches and techniques.

"If it requires us to do interregional collaborations like this one, we're gonna do it to showcase to a large industry that we have the capacity, we have the capabilities to actually perform to their specifications."

Walsh says there are a number of companies in Casper doing a lot of metal work, ideal to subcontract for larger aerospace companies, something some Sheridan businesses already do.

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