KGWN –Cheyenne, WY– Scottsbluff, NE News,Weather, SportsState of Wyoming Economy Looking Up

State of Wyoming Economy Looking Up

This year's Wyoming Economic Indicators series kicked off with stops in Laramie and Cheyenne on Wednesday.

Wednesday's Economic Outlook forums were the first of nine that the Wyoming Business Alliance will be conducting throughout the state.

"The whole purpose is each community has it's own needs so we created a panel based upon key issues facing that community," said Bill Schilling.

Bill Schilling, of the Wyoming Business Alliance, felt very strongly about the state of the economy in Wyoming compared to neighboring states.

"Stronger. Considerably stronger. Goods producing and sector number one. Number two the BTU capitol of the western hemisphere. Three the higher education system continues to improve in a very positive fashion so all the signals are advancement for our state."

There was something he believes that can help improve the Wyoming economy and drive it going forward.

"Those goods producing sectors create service providing jobs so the more good producing jobs you have and Wyoming's a goods producing state, the stronger your economy is."

John Dill of Chesapeake Energy spoke on what they plan to do moving forward with drilling in southeast Wyoming.

"We'll continue to move back and forth as we poke holes in the ground and try to find the best place to get this resource out of the ground and create wealth for our state and create jobs," Dill said.

Ken Goldstein, a renowned economist, was brought in to talk about the national economy. He said things are starting to turn around and growth in all areas of the world is good for Wyoming and the United States.

"Growth in North America lends growth into Europe. Growth in Europe lends to growth into Asia. Economic growth in Asia lends growth back into North America. We're all in the same boat. It's not as if they're prospering at our expense or vice versa," said Goldstein.

Looking to the future expectations for Wyoming's economy continue to look good.

"Expectations are that the rosy outlook for this part of the state will continue for sometime in the future," Schilling said.