PRECorp Celebrates its Manufacturing Customers

Manufacturing companies and their employees are the backbone of everyday life across the country. The hard-working individuals in manufacturing operations across northeastern Wyoming are a shining example. The Powder River Energy Cooperative (PRECorp) is celebrating its manufacturing customers for their employment opportunities, innovations and dedication to the community. We are proud to supply the power to the global manufacturing companies that produce goods using the latest technologies and plentiful raw materials in northeastern Wyoming. 

Manufacturing in Northeastern Wyoming

Many diverse manufacturing companies make their home in the PRECorp service area. Manufacturers like Red River LLC, Atlas Carbon, Geer Fabrication and Pro Line Machining in Gillette, along with Hulett’s Bearlodge Forest Products and Devils Tower Forest Products are leaders in technology and good workplace practices, produce high quality products and consistently innovate to keep in step with and progress their industries. We are proud these companies have made their home in northeastern Wyoming.

Manufacturing Sector Growth in Wyoming

Manufacturing’s importance throughout Wyoming is due to the sector’s stability and growth. In fact, manufacturing contributes 5.39% to the Gross State Product annually, according to the National Association of Manufacturers (NAM). The export of manufacturing goods from Wyoming was also over $1.11 billion, creating jobs and economic opportunities for the state.

The Wyoming manufacturing industry employed 10,000 people in 2020, and as reported by NAM, the average annual compensation for Wyoming’s manufacturing jobs was over $75,000 in 2019. Upon graduating high school or trade school, students can begin working for one of northeastern Wyoming’s manufacturing companies and, within a few years, reach a level of income that surpasses the average household income in the United States. 

Reasons to Locate in Northeastern Wyoming

Northeastern Wyoming offers several advantages to national and global manufacturing companies, beginning with its extremely favorable tax environment for businesses. Wyoming is routinely named as the nation’s “Most Business-Friendly Tax Climate” by the Tax Foundation, with no corporate state income tax, occupation tax, value-added tax or inventory tax. Additionally Wyoming consistently receives high marks for state management, which provides business owners with a reliable, collaborative environment in which to work. 

Several industrial parks have buildings and sites available for manufacturing companies in PRECorp’s service area. They offer businesses the room they need to grow, and local economic developers are available to make it easy to find the perfect location. 

In certain cases, assistance is available to local businesses throughout PRECorp’s service region. It’s low interest economic development loan is a source of funds for economic development projects at the local level in northeastern Wyoming. Additionally, Wyoming understands the importance of continuous importance for manufacturing companies and employees. Manufacturing Works is a nonprofit consultancy that utilizes key relationships with industry partners to help manufacturers strategically identify and solve their most pressing issues.

To learn more about how PRECorp can help manufacturing companies in northeastern Wyoming, email us or call (307) 283-4905.

Powder River Energy Corporation is a member-owned, nonprofit electric cooperative headquartered in Sundance, WY., serving approximately ­­­27,000 active electric meters at residences, ranches, coal mines, oil and gas wells, businesses, and industry in the five counties of northeastern Wyoming. For more information go to www.precorp.coop.