Gunnar Malm - Economic Development in Laramie County

Economic Development In Laramie County

SHAPING OUR OWN FUTURE

Laramie County By The Numbers

Laramie County By The Numbers

2021 Spot Tax Collection Update

* Averaging $2,725,665.48 per month

* Anticipated Completion and Next Ballot: Late 2025

Diversification

 Not just a buzzword.

 Long term strategy requiring coordination between Government, ED Partners, private sector and education fields.

 Our model is not a secret.

Economic Development Partners

What have we done to get to today?

 Private investment to produce shovel-ready areas for development.

 5 business parks throughout the community geared towards multiple industries

 Legislative reforms to attract, entice and incentivize “new” businesses to Wyoming.

 Statewide tax incentives for data centers and tech businesses

 Local community investment and involvement.

 Laramie County’s work with the WBC to use grants for additional infrastructure costs and cap con.

 Taxpayer investment with the passage of SPOT tax for AMMC at LCCC.



What have we done to get to today?

We were not afraid to not do things differently and invest in ourselves.

 Leveraged our strengths:

 Location

 Climate (both political and environmental)

 Our people

 Low tax burden

Key Industries Targeted

1. Energy

2.

3.

4.



What are the results so far?

Energy

 Wind Energy Development (Next Era, Black Hills)

 Solar Projects (Q Cells, Cowboy I, Cowboy II)



Hydrogen

What are the results so far?

• Technology Sector

• Microsoft

•

3 “campuses.” Billions of dollars in investment so far. Multiple expansions underway and planned.

• “Project Cosmo.”

• Lunavi, Smaller Scale Data Centers, Crypto and Data Center Support Services

What are the results so far?

 Manufacturing

 Eagle Claw



TBC Manufacturing

 MagPul



What are the results so far?

Logistics/Distribution

 Walmart



T.J.Maxx/Sierra

 Lowes

 Private investment in dock-to-dock warehousing

What’s n ext?

Strengths Moving Forward

 Continued private investment and partnerships.

 Establishment and expansion of Manufacturing Center at LCCC.

 Strong coalition of industry, local government officials and nonprofit sector economic development partners.

Weaknesses

 Housing

 24% of housing costs nationally are tied to government regulation.

 Workforce

 Attract and retain our young people.

 Legislative Uncertainty

 Moratoriums, attacks on incentives, instability in legislative priorities and leadership.

Cute Baby Picture To Distract From Sleep Deprived Presentation

Questions?