Departing Youth Affects Economic Development
Cheyenne, WY – The CEO of the Wyoming Business Council admits census figures indicating child-rearing age couples continue to leave the state is a problem for business recruitment. Census figures indicate the number of residents aged five to 17 dropped 8% between 2000 and 2003 while the 15-44 age group declined by 2.2%. Tucker Fagan says labor force is one of the main drivers of business expansion, retention and recruitment. Fagan says the loss of young people coupled with Wyoming's low unemployment rate compounds the problem. He says it's tough convincing a company to relocate or expand when there are questions about an adequate workforce. But Fagan is confident that efforts by the Business Council and various other state agencies will bear fruit in the terms of more jobs in the future.