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Wyoming communities will soon see new investments in businesses and jobs thanks to a nonprofit that plans to reserve a portion of its $65 million New Markets Tax Credit award for the state.

Montana and Idaho Community Development Corporation (MICDC) will invest about $12 million in Wyoming projects in hopes of improving the state’s economy. The nonprofit expanded into Wyoming this past July and will use the first of its U.S. Treasury award for contributions to Wyoming businesses and organizations.

Real estate brokers across Wyoming and the west have been seeing more and more people buying ranches for investment purposes. In many cases, that’s changing the way the ranches function and affecting the communities around them. Wyoming Public Radio’s Willow Belden reports.

WILLOW BELDEN: Art Sigel is a retired chemical engineer from Chicago. Well, sort of retired. He’s no longer a chemical engineer. But now he and his wife own and operate a ranch in southeast Wyoming.

State well positioned with investments

Dec 18, 2012

Wyoming’s investment portfolio should allow it to survive the looming fiscal cliff and international financial problems. 

Gordon says former Treasurer Joe Meyer and others have done a good job of diversifying Wyoming’s portfolio.  He says that has allowed the state to make significant amount money through investments.                  

"We have a very, very diversified approach and portfolio.  That puts the investment picture, which is the third most important component of Wyoming’s revenue stream…it kind of puts it in good stead. "