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Wyoming economy

Hawk Springs Processing Facility Could Expand Potential For Wyoming Hemp

in News/wyoming economy/Agriculture/Business
Justin Loeffler has a year's worth of hemp at his location in Hawk Springs, where he's setting up a hemp elevator to process and market hemp fiber. (Renée Jean, Cowboy State Daily)

Hemp has long lacked a key link in its supply chain — a processing facility. A Hawk Springs man wants to change that to give the crop the boost it needs to finally take off in the Cowboy State.

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Wyoming Will Be First State In Nation With Its Own Digital Coin

in News/wyoming economy/cryptocurrency
(Cowboy State Daily Illustration, Greg Johnson)

The payday for Wyoming, if the DAO is successful in realizing its goal is enormous. If just 5 percent of the merchant’s transactions were to go through Wyoming’s stable tokens, the return for the state, is over $9 billion.

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Opposition Builds to Albertsons-Kroger Mega Merger At Local, State and Federal Levels

in News/wyoming economy/Food/Business
Cheyenne Albertsons, Photo by Jimmy Orr

A small coalition of customers sued over the mega merger of Albertsons and Kroger. That’s been followed by an even larger coalition of organizations banding together to fight it. The group contains a few strange bedfellows.

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Bank Crashes Have Wyomingites Moving Their Money Around, But Big Isn’t Always Best

in News/banking/wyoming economy
(Getty Images)

Americans, notoriously apathetic about moving money to find better interest rates, lost $42 billion in the last quarter of 2022 by keeping their money at big-five banks that pay almost no interest. The big five might be the safest banks around — but savvy shoppers can do much better, and still play it safe.

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Wyoming’s American CryptoFed DAO Isn’t Worried About SEC Enforcement Action, Says It’s Moving Ahead With Its Plans

in News/wyoming economy/cryptocurrency/Business
(Getty Images)

Wyoming’s first legal DAO is in the midst of an SEC enforcement action, but company officials say it’s “just a temporary drama.” They’re hopeful, meanwhile, that Gordon will sign Wyoming’s stable token bill into law.

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Economist Calls Biden’s Explanations For High Energy Prices A ‘Lot Of Hooey’

in Energy/News/wyoming economy
(Photos by Cowboy State Daily, The Associated Press)

In responding to the cause of high energy prices, President Joe Biden has blamed the invasion of Ukraine, price gouging and not drilling on U.S. leases. A leading economist says those are just excuses, and it’s his policies that are to blame.

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Tired Of Waiting For Feds To Act, Wyoming Making Its Own Digital Banking Rules

in News/wyoming economy/Legislature/Business
(Matt Idler for Cowboy State Daily)

After waiting about a decade for promised federal regulation of the emerging digital financial landscape, Wyoming lawmakers are making their own. A bill to regulate third-party apps that interface with banks is close to passing the Legislature.

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Wyoming Filmmaker Says Film Incentives Bill Deliberately Killed By House Majority Leader

in News/wyoming economy/Legislature
Sen. Majority Leader Chip Neiman. (Matt Idler for Cowboy State Daily)

A Wyoming filmmaker says a bill that would have provided incentives to film companies that shoot Wyoming-centric films in the Cowboy State was targeted for failure by the Wyoming Freedom Caucus.

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C.J. Box Films Won’t Be Produced In Wyoming Anytime Soon; Legislature Shoots Down Film Incentives Again

in entertainment/News/wyoming economy/Legislature

The “Big Sky” and “Joe Pickett” television shows aren’t likely to get authentic Wyoming settings anytime soon as a bill that would have created incentives for filmmakers who shoot their Wyoming storylines in the Cowboy State died on Tuesday.

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Lindholm Says Wyoming Should Sue Federal Reserve Over Digital Bank Rejection

in News/wyoming economy/cryptocurrency
Tyler Lindholm (right), photo by Matt Idler

Now that the Federal Reserve has shut a Wyoming Special Purpose Depository Institution out of its centralized systems, Tyler Lindholm who helped write Wyoming’s digital asset laws, said it’s time for the state to sue the Federal Reserve.

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At More Than $5 A Dozen, Eggs Are Expensive, Hard To Get Around Wyoming

in News/wyoming economy
Photo of Betty Lewis checks eggs twice before buying them to bake another tray of brownies. (Renée Jean, Cowboy State Daily)

Egg prices jumped 49% in the past year, more than any other grocery category, according to the consumer price index. In Wyoming, eggs cost more than $5 a dozen.

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In New Book, Former Gov. Freudenthal Says Wyoming Individualism Is ‘Fiction’

in News/wyoming economy

In his new book “The Paradox of Plenty,” released last week, former Gov. Dave Freudenthal said Wyoming’s aspirational mantra of the “Cowboy Ethic,” defined by ruggedly independent, self-made, carry-your-own weight westerners, is somewhat a farce. 

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Woke Capitalism Takes Another Blow As Vanguard Withdraws From Climate Alliance

in Energy/News/wyoming economy
Getty Images

Public pressure likely played a role in Vanguard pulling out of the world’s largest climate-finance alliance, one industry observer told Cowboy State Daily. Asset managers are realizing that the “last thing most people want is their retirement fund pushing progressive politics down their throats,” he said.

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After 10 Years, Wyoming Whiskey Is Expanding To International Markets

in News/wyoming economy/Business
Wyoming Whisky founders, from left, David DeFazio, and Kate and Brad Mead. (Renee Jean, Cowboy State Daily)

Like most cattle ranchers today, the Meads really needed to diversify their operation to remain profitable. They chose whiskey. Ten years later, Wyoming Whiskey is attracting international attention.

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Report: Climbing Contributes Millions To Wyoming Economy, Could Bring In Millions More

in Wyoming outdoors/News/wyoming economy
Oscar winner Alex Honnold climbing art Wild Iris near Lander. (Photo Courtesy Sam Lightner)

Neighboring Colorado, California and Utah all have large climbing communities. Smart marketing to these nearby enthusiasts could bring thousands more climbers to Wyoming and millions more tourism dollars.

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No “Smash And Grabs” But Shoplifting In Wyoming Is Increasing And Driving Prices Up

in News/wyoming economy/Business
More and more, items popular with shoplifters are being kept behind plexiglass, like these games at Target in Cheyenne. (Renée Jean, Cowboy State Daily)

Although Wyoming hasn’t been hit by roving gangs of criminals like other states, coordinated shoplifting efforts have increased which is driving the cost of goods up across the state.

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Inflation Prompts Wyoming Shoppers To Go Smaller This Gift-Giving Season

in News/wyoming economy/Business
Jessica and daughter Isabella Ladelfa window shop at 307 Made in Cheyenne. (Renée Jean, Cowboy State Daily)

Although some Wyoming communities reported record sales, crowds by and large felt thin at many stores in Wyoming for Black Friday, and even some Small Business Saturday shopping seemed to take a hit in some areas.

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Wyoming Car Repossessions Up 20% – 30%, Repo Man Blames “Free” Covid Money

in News/wyoming economy
Photo Courtesy Stu Kissick

One repo man told Cowboy State Daily that he believes the 30% increase in car repossession is due to stimulus checks the federal government distributed. He said people just went out and “bought stuff” they couldn’t afford with the money.

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Wyoming Will Try Again To Be First State With Own ‘Holy Grail’ Stable Token

in News/wyoming economy/Legislature
Renée Jean, Cowboy State Daily

Wyoming legislators will try again to become the first state in the nation with its own stable token, along with a chance at billions in revenue if the Cowboy State can market itself successfully as a highly trusted first-mover. 

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Wyoming Was Early Critic Of “Woke Capitalism” When Gordon Told Bank Of The West To Shove It

in News/wyoming economy/Business

When Wyoming called out Bank of the West for announcing it would divest from fossil fuel investments, the state didn’t have a lot of company. That’s changed, and the recent FTX scandal has highlighted the problem of businesses embracing woke culture.

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Fed Plan: Wyoming To Receive 17 EV Charging Stations For $19 Million; None Likely Profitable

in News/wyoming economy/Business

If the Wyoming Department of Transportation were to follow all the federal guidelines for a program to build and operate EV charging stations along the nation’s roadways, Wyoming would need 17 charging stations at a cost of about $19 million.

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Crumble Cookie, Nation’s Largest Cookie Company, Opening Location In Cheyenne

in News/wyoming economy
Cheyenne Crumbl location.

Crumbl Cookies, which experienced the highest sales growth of any chain in the United States in 2020, is opening a franchise in Cheyenne later this week. Retail observers say the company’s use of social media is partly responsible for its success.

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Small Fairs Celebrate The Heart Of Wyoming  

in News/wyoming economy

From Dayton Days to the Big Horn County Fair in Basin; Longmire Days in Buffalo to the Goshen County Fair in Torrington – all of these small town celebrations bring together local residents, boost profits for local businesses, and give the local population something to look forward to every year.

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