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Cheyenne-Laramie County Economic Development Corporation

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Cheyenne-Laramie County Economic Development Corporation
NameCheyenne-Laramie County Economic Development Corporation
TypeNonprofit economic development organization
LocationCheyenne, Wyoming
Founded1980s
Area servedLaramie County, Wyoming

Cheyenne-Laramie County Economic Development Corporation is a regional nonprofit organization focused on business attraction, retention, and expansion in Cheyenne and Laramie County, Wyoming. The corporation works with municipal entities, state agencies, private firms, and educational institutions to promote investment, workforce development, and infrastructure projects across southeastern Wyoming. It operates as a public-private partnership linking local elected officials, civic leaders, and corporate stakeholders to regional growth strategies.

History

The organization originated in the late 20th century amid efforts by City of Cheyenne, Wyoming civic leaders, Laramie County, Wyoming commissioners, and regional chambers such as the Cheyenne Chamber of Commerce to coordinate industrial recruitment and community redevelopment. Early initiatives reflected influences from statewide economic policies advanced by the Wyoming Business Council and legislative actions by the Wyoming Legislature that emphasized resource development and diversification beyond energy extraction. Throughout the 1990s and 2000s the corporation collaborated with federal programs administered by agencies like the Economic Development Administration and the U.S. Department of Agriculture Rural Development office to secure grants for infrastructure, site readiness, and small-business assistance. In the 2010s it responded to shifts in transportation and logistics exemplified by projects involving Interstate 25, Union Pacific Railroad, and the Cheyenne Regional Airport, adapting strategy to trends in Advanced manufacturing, Aerospace supply chains, and Information technology services.

Organization and Governance

The corporation is governed by a board composed of private-sector executives, elected officials from the City of Cheyenne, Wyoming and Laramie County, Wyoming, and ex officio representatives from institutions such as the University of Wyoming and regional community colleges like Laramie County Community College. Operational leadership typically includes an executive director, business development officers, and staff specialists with experience drawn from firms including national consultancies and local employers linked to General Dynamics, Boeing, and logistics providers like FedEx and J.B. Hunt Transport Services. Governance policies reflect nonprofit standards comparable to those of associations such as International Economic Development Council and reporting obligations under state statutes administered by the Wyoming Secretary of State. Advisory committees often include representatives from labor organizations, utility providers such as Black Hills Corporation, and workforce agencies like the Wyoming Department of Workforce Services.

Economic Development Programs and Services

Programs emphasize site selection, incentive negotiation, workforce training, and entrepreneurial support. The corporation offers incentives coordination aligned with programs from the Wyoming Business Council, tax increment financing mechanisms used by the Cheyenne Urban Renewal Agency, and workforce grants modeled on federal initiatives administered through the U.S. Small Business Administration. Business retention and expansion services connect local firms to supply-chain opportunities involving manufacturers like Hexcel and defense contractors tied to F.E. Warren Air Force Base. Entrepreneurial services include small-business counseling coordinated with SCORE chapters, startup mentoring linked to accelerators such as Techstars, and collaboration with incubators at institutions like the University of Wyoming Research and Technology Park. Real estate and site readiness offerings often reference Certified Site standards promoted by industry groups including the Site Selectors Guild.

Key Industries and Initiatives

Strategic industry focus areas have included advanced manufacturing, logistics and distribution, aerospace and defense, energy technology, agribusiness, and information technology. Notable initiatives have targeted expansion of logistics clusters leveraging Interstate 80 freight corridors, air cargo opportunities at the Cheyenne Regional Airport, and defense support services associated with F.E. Warren Air Force Base. Renewable energy and transmission projects intersect with regional efforts by utilities and developers linked to entities such as Pacificorp and renewables developers active in Wyoming Wind projects. Agribusiness programs have engaged stakeholders from commodity groups like the Wyoming Stock Growers Association and processing firms. The corporation has also supported technology-enabled manufacturing growth by connecting firms to federal programs administered by the U.S. Department of Commerce and research collaborations with the National Institute of Standards and Technology.

Partnerships and Community Impact

Partnerships span municipal governments, state agencies, higher education, private employers, utilities, and nonprofit organizations. Collaborative efforts have involved entities such as the Cheyenne LEADS, Greater Cheyenne Chamber of Commerce, Wyoming Business Council, University of Wyoming Extension offices, and regional workforce boards. Projects facilitated by the corporation have influenced job creation metrics tracked by the Bureau of Labor Statistics and wage trends reported by the U.S. Census Bureau American Community Survey. Community impact work has included downtown revitalization efforts aligned with the National Trust for Historic Preservation principles, brownfield redevelopment supported by the Environmental Protection Agency, and housing strategies coordinated with local housing authorities and developers like those engaged with Federal Home Loan Bank programs.

Funding and Financial Structure

Funding derives from a mix of membership dues, municipal and county appropriations, grant awards from federal and state sources such as the Economic Development Administration and the Wyoming Business Council, and fee-for-service contracts with private-sector clients. The organization may pursue project-specific tax incentives and infrastructure financing through mechanisms used by the Cheyenne Urban Renewal Agency and state tax credit programs administered by the Wyoming Department of Revenue. Financial oversight follows nonprofit best practices with annual budgets and audits prepared in accordance with standards promoted by organizations such as the AICPA and filings administered by the Wyoming Secretary of State.

Category:Organizations based in Wyoming Category:Economy of Laramie County, Wyoming