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Wyoming’s economy is bouncing back… but is it sustainable?

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Wyoming’s economy is bouncing back… but is it sustainable?


CHEYENNE, Wyo. (Wyoming Information Now) – Cheyenne’s financial system is doing nice post-Covid-19 in response to the New Statistics from the Financial Evaluation Division of the Wyoming Division of Administration and Data.

So why are we seeing hassle retaining the workforce and cutbacks in salaries?

Energy, value of dwelling, and inflation all play into the success of our financial system.

So what can Cheyenne companies do to maintain enterprise rising within the face of a unstable surroundings?

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As provide chain points ease, Wyoming companies are re-opening and beginning to swell.

Within the close to future, Dale Steenbergen, President and CEO of the Higher Cheyenne Chambers of Commerce, says the town will see a brand new $80B navy missile venture, extra producers, and blockchain crypto-related enterprise coming to Wyoming as properly.

But as companies bounce again, of us aren’t seeing it mirrored of their pockets, and employers wrestle to remain staffed.

That rings true for LCSD1, which has recieving about $210M in block grant cash, but continues to be unable to offer sustained wage will increase on account of reducing funding of no less than $3M.

“Academics are coping with greater than they’ve in years. I feel actually the financial components are a giant piece of that, remember the fact that our college district not solely competes with different college districts for employees, however we’re competing with the entrance vary and different areas exterior of the state for these essential positions. In order you begin to see these pressures, you’re beginning to see Colorado react to their labor shortages transferring their base salaries for licensed workers, and definitely that impacts us as properly,” mentioned Jed Cicarelli, Chief Monetary Officer- LCSD1

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On high of that, Cheyenne nonetheless faces points round housing and inflation.

“In case your workers aren’t seeing a greater lifestyle from that. You recognize they’ll query in the event that they reside right here or some place else if they’ll get a greater job some place else,” mentioned Steenbergen.

And as Steenbergen says, companies face progress, however in addition they face mounting bills.

“… I (companies) am promoting extra merchandise and making much less cash. That demand within the financial system and the neighborhood will get glad, however I’m (companies) really making much less cash than ever. So you need to watch out with these financial numbers and have a look at okay how does this really influence folks in on a regular basis life,” mentioned Steenbergen.

Whereas consultants say the financial outlook is sweet, they query the sustainability and the specter of a possible recession on the horizon.

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“I feel they should realise that economies are dynamic,” mentioned Steenbergen. “Whereas its nice to take these preliminary numbers out of the pandemic, I feel they’re numbers to be longing for, we have to be cautious in what they means for us long-term.”

Time will inform if Wyoming utilized the federal funds and the post-pandemic alternatives accurately.

“It’s arduous to guess what the longer term means. I feel that we’ve got given it a superb yeoman’s try to I’m hopeful it pays off,” mentioned Steenbergen.

Copyright 2022 Wyoming Information Now. All rights reserved.



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Wyoming

Wondrous Wyoming (11/24/24)

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Wondrous Wyoming (11/24/24)


Photo Credit: Will Lawton

CHEYENNE, Wyo. — “Sulphur Creek, Wyoming,” writes photographer Will Lawton. “End of day ice fishing. Great day to be alive.”

It sure is, Will. It sure is.

Do you have a photo that captures the beauty of Wyoming? Submit it by clicking here and filling out the form, and we may share it!

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Deadspin | Ashton Jeanty hits 2,000-yard mark as No. 12 Boise State tops Wyoming

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Deadspin | Ashton Jeanty hits 2,000-yard mark as No. 12 Boise State tops Wyoming


Nov 23, 2024; Laramie, Wyoming, USA; Boise State Broncos running back and Heisman Trophy candidate Ashton Jeanty (2) runs for a touchdown against the Wyoming Cowboys during the first quarter at Jonah Field at War Memorial Stadium. Mandatory Credit: Troy Babbitt-Imagn Images

Ashton Jeanty became Boise State’s first 2,000-yard rusher by collecting 169 yards on 19 carries as the 12th-ranked Broncos beat Wyoming 17-13 on Saturday night in Laramie, Wyo.

Jeanty, who also found the end zone once on the ground, entered the contest as the nation’s leading rusher with 1,893 yards. His big performance on Saturday helped Boise State (10-1, 7-0 Mountain West Conference) clinch a berth in the conference championship game.

The Broncos got 53 rushing yards from Jeanty during their penultimate drive of the game, which ended with Jambres Dubar rumbling across the goal line from 2 yards out for a 17-13 lead with 5:02 to go.

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Wyoming (2-9, 2-5) turned the ball over on downs on its ensuing possession. It had gone up 13-10 earlier in the fourth quarter when John Hoyland made good on a 35-yard field goal with 9:03 remaining.

Maddux Madsen completed 14 of 26 passes for 168 yards for Boise State. Cameron Camper had five catches for 74 yards, while Dubar rushed for 22 yards and the touchdown on five touches.

Kaden Anderson started under center for the Cowboys, but he did not play in the second half because of an apparent injury. He had 116 yards and a TD on 9-of-14 passing prior to exiting. Evan Svoboda took over and hit on 6 of 13 passes for 87 yards.

Wyoming’s Justin Stevenson had four catches for 82 yards and a touchdown, and Jaylen Sargent finished with four receptions for 86 yards.

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Boise State took a 7-3 lead on a 61-yard Jeanty touchdown run with 3:40 to go in the first quarter. Jeanty cut back and sprinted down the wide side of the field for the score.

Early in the second quarter, Anderson launched a pass from the Cowboys’ logo at midfield and found a leaping Sargent for a 41-yard completion. Two plays later, Stevenson grabbed a 5-yard TD for a 10-7 lead with 9:36 to go.

As time ran out in the first half, Jonah Dalmas’ 24-yard field goal tied the game at 10.

–Field Level Media



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Wyoming finishes 30th at NCAA Championships

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Wyoming finishes 30th at NCAA Championships


MADISON, Wis. — The University of Wyoming men’s cross country program finished 30th as a team with 707 points at the NCAA Cross Country Championships on Saturday.

The Cowboys were led by junior Jacob White throughout the whole race. White finished 119th with a time of 30:00.4. Following a theme of Cowboys finishing together throughout the season, senior Ryker Holtzen finished right by White in 120th, improving his placement at each 1K interval since the 7K mark, with a time of 30:01.3.

To close out his collegiate cross country career, senior Gus McIntyre came in 184th crossing the line at 30:34.9. In his first year in Wyoming, senior Dylan van der Hock finished with a time of 30:58.8 for 211th after improving his standing by nine places in the last kilometer. To close out the scoring five, senior Mason Norman grabbed 214th with a time of 31:00.8.

Two more Cowboys, and Wyoming natives, started the 10K in seniors Trevor Stephen and Asefa Wetzel. Stephen finished in a time of 31:24.4 for 233rd overall. Wetzel remained in 251st place at the 5K and 6K mark before having to step out.

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As a team, the Cowboys averaged a 30:31.2 10K with individual finishes of 119-120-184-211-214 and point totals of 99-100-153-176-179.

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