Greater Cheyenne Chamber of Commerce Business Journal and Other Publications Quarter 4 2016 Business Journal | Page 16
YOUR GOVERNMENT
RELOCATION & EXPANSION
STEPHANIE JOY MEISNER-MAGGARD
STEPHANIE JOY MEISNER-MAGGARD
The Greater Cheyenne
economic development efforts.
Chamber of Commerce plays
Often times, as citizens view
a large role in the procedures
the “net economic” impact and
necessary to capture
assess it to know where their
opportunities for economic
community stands, these are
growth. This often is identifying
the easy symptoms we can see
businesses who are showing
such as “openings or closings”
symptoms of relocation or
and “expansion or contraction”
expansion needs. Business
of businesses.
relocation and expansion is
a natural part of business
Laramie County is home to
development and growth.
a total of 5,400 businesses
Having new businesses in the
according to a summary
Laramie County region provides
provided by youreconomy.
economic impact potential and
org. Most of the businesses
these are effects of economic
employ 2 to 9 employees (67%
activity. Economic activity is
in 2014 & 66.4% in 2015).
considered business output
One thousand jobs were lost
(or sales volume), value added
in 2015, compared to the
(or gross regional product),
1,000 jobs gained in 2014.
wealth (including property
This was mostly driven by the
value and other related assets),
coal industry. However, the
personal income (including
City of Cheyenne gained 600
wages) and/or jobs. Any
jobs at FE Warren Airforce
adjustments in performance
Base because the Wyoming
for these economic activities
Wranglers were successful in
are indicators of economic
advocating for the necessary
well-being of area residents
funds from our Nation’s capitol.
which is a large priority in
When addressing economic
16 | Quarter 4 M 2016
activity in sale/revenue in
businesses like Wyoming Rib &
2015 had a total of $2.2 million
Chop House and Sierra Trading
compared to $3.5 m illion in
post, more jobs are created and
2014. When viewing the full
the workforce is able to sustain
picture, Laramie County is
a variety of talents and skills.
rated second in economic
Each business plays a large
performance in the State
role in the local economy and
of Wyoming following close
there is a significant amount
behind Natrona County.
of pressure put on small
businesses to carry the health
By successfully relocating
of the county. Therefore, the
businesses, like Magpul, and
Greater Cheyenne Chamber
assisting the startup and growth
of Commerce will continue to
of the new coding and graphic
fight for a strong foundation
design school, Array, the
for business so a stable
economy continues to get more
economy is possible. Our work
diversified. Through supporting
is never done.
the growth of existing