In this statewide Comprehensive Economic Development Strategy Plan, we delve into a strategic SWOT analysis, identifying the strengths, weaknesses, opportunities, and threats facing our local economy. Our focus extends to enhancing the quality of life through initiatives aimed at expanding labor supply, increasing affordable housing options, and bolstering public safety measures. The Plan outlines innovative strategies for attracting new businesses while supporting existing ones. It presents current statistics on the labor force, population, and income levels, alongside emerging trends. This data-driven approach ensures a holistic understanding of our economic landscape, providing a foundation for informed decision-making and targeted development efforts. The Plan not only reflects the current economic status but also charts a path forward for sustainable growth and prosperity.
Subject Region: State of Wyoming
Delivery Time: Next Business Day
File Type: Color PDF
Length: 35 to 45 pages
Table of Contents:
- Insights & Analysis
- Economic History
- SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
- Quality of Life
- Labor Supply
- Affordable Housing
- Public Safety
- Business Attraction
- Conclusions & Recommendations
- Addendum - Q1 2024 Statistics:
- Economic Overview
- Population
- Total Jobs
- Median Household Income
- Labor Force
- Educational Attainment
- Unemployment
- by age
- by gender
- by race
- by ethnicity
- Historic & Projected Trends
- Population
- Jobs
- Labor Force Participation
- Unemployment
- Population Trends
- Millennials
- Retiring Soon
- Racial Diversity
- Veterans
- Violent Crime Rate
- Property Crime Rate
- Inbound & Outbound Migration
- Net Commuters by Zip
- Inbound and Outbound Migration by County
- Industry Characteristics
- Jobs by Industry vs National Average
- Top Growth Industries
- Industry Concentrations
- Gross Regional Product by Industry
- Average Earnings per Worker by Industry
- Business Characteristics
- Job Posting Volume by Employer
- Number of Companies by Employee Count
- Workforce Characteristics
- Number of Jobs per Occupation vs National Average
- Top Growing Occupations
- Top Earnings by Occupation
- Job Postings by Occupation
- Underemployment by Education Level
- Educational Pipeline
- Graduate Count per Area College
- Graduate Count Trends per Area College
- In-Demand Skills
- Specialized Skills Demanded vs National Average
Plan Analyst: Toby Teeter
Toby is the Associate Vice Chancellor of Economic Development and a lecturer at the University of Arkansas. Previously, he was the Joplin Area Chamber of Commerce President/CEO, where he focused on fostering a robust entrepreneurial ecosystem and championing innovation culture, as well as attracting both talent and new industry to the region.
