wyoming economy

Governor Matt Mead said that Wyoming can diversify its economy through technology and that the energy industry will bounce back.

During a speech to kick off his annual business forum on Tuesday, Mead said that technology was poised to be Wyoming’s fourth leading industry. He discussed the enhancement of high-speed internet throughout the state and a number of other advances the state has made to attract technology-based business.

Mead said such work is important to the state’s future and it goes beyond economics.

Wyoming Governor Matt Mead is seeking his second term in office and one of the things he is touting is growth in business and the state’s overall economy. Democratic challenger Pete Gosar admits that on paper the economy looks good, but he says it lacks diversity and says if you aren’t working in the energy sector…things might not be so great. Bob Beck spoke with both candidates about the economy and has this report.

For the fourth straight month, Wyoming’s unemployment rate remains at four point nine percent.  University of Wyoming Economist Anne Alexander says the news is surprising when you consider low natural gas prices and concerns about the coal industry. 

Things having to do with regulations coming on-line about coal, things having to do with the price of natural gas, I think what’s interesting is that either people are just kind of waiting and not sort of laying off a lot of people, a lot of people aren’t leaving and a lot of people aren’t rushing in either.”