ENDOW group submits first report to MeadSep 7, 2017 From staff reports
The Economically Needed Diversity Options for Wyoming council submitted its first report to Gov. Matt Mead and the Wyoming Legislature through the Joint Minerals, Business and Economic Development Interim Committee.
This initial report establishes a baseline for the preliminary recommendations due by Dec. 31 and sets the stage for the advancement of a 20-year economic diversification strategy for Wyoming.
The Executive Council's initial report includes sector-by-sector analyses that were evaluated and enhanced by industrial representatives and include national trends, peer state comparisons, workforce data, barriers, enablers and opportunities.
"I am proud of the work the Executive Council has done so far," ENDOW co-chair Greg Hill said. "Equipped with the data and detailed analyses presented in this report, we are well on our way to establishing a clear and actionable 20-year strategy that works for Wyoming people and supports a prosperous future for Wyoming workers."
The report indicated that a lack of workforce is "the single greatest inhibitor" of economic development in the state.
"We must accept that encouraging reasonable population growth is necessary and can be achieved in a way that does not compromise our customs, culture or quality of life," the group stated.
The group also said the state will need to work on attracting venture capital in order to encourage entrepreneurship.