Cheyenne “LEADS” state business growth

Updated: May. 17, 2023 at 7:09 PM CDT
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CHEYENNE, Wyo. (Wyoming News Now) - Magpul, Thunder Beast, Terra Power, and Microsoft data centers.

These are some of the impressive businesses that Cheyenne LEADS has helped bring to our state.

We talked with the CEO about what the company is doing to create business growth in Wyoming.

” I think it says a lot about our community, our county, and our state. That people are looking at wyoming from our tax policy, from our history, from our family values, population densities and those kinds of things,” said Betsey Hale,

Cheyenne Leads has been busy.

This non-profit’s mission is to bring commerce to the state that fits with Wyoming’s culture.

They help diversify our state’s economic growth through renewable energy, manufacturing and data centers.

Another Microsoft data center is in the works, and the Eagle Claw business walls are going up in the Cheyenne Business Park.

This is a 4th-generation family-owned manufacturer, and it is one of *several manufacturers that are in the works to come to the state.

“Rachelle is working with nine manufacturing companies. She’s also working with three energy companies that are kind of in that manufacturing space, but we prefer to call them out as energy companies and then two firearms manufacturers. So we’re really excited about that,” said Hale.

Hale says these businesses bring over 1900 jobs to the state, with some salaries starting at the $80K mark.

” I think we’re going to see continued exponential growth in that return over the next five, ten, 20 years. And that’s really what economic development is, right? It’s the long term thinking. Its thinking about the next generation and their jobs and the next generation and their jobs, and you know we’re all in this together,” said Hale

Hale says this growth is possible thanks to the partnerships from the private sector, city, county and state.

And that for every dollar invested in these businesses, seven and half dollars is re-invested back into the state.

Hale says this generates about $228M in yearly GDP.

*Correction: In the previous iteration, the article stated these businesses were coming to the state. The correction is that they may be coming to the state.