CHEYENNE, Wyo. (AP) – Recommendations from a group created by Gov. Matt Mead to explore how Wyoming can diversify its economy beyond fossil fuels include state investment in infrastructure, new business development and education and workforce training.
The ENDOW executive council released its preliminary findings and recommendations after months of meetings. ENDOW is short for the group's formal name - Economically Needed Diversity Options for Wyoming.
Its recommendations would require $36.35 million, most of which would go toward improving and expanding air service and broadband capabilities around the state.
It also recommends that the state establish a venture capital fund for entrepreneurial initiatives. The council suggested that $20 million be taken from the Permanent Wyoming Mineral Trust Fund to start the fund.
The recommendations will be considered by the Legislature, which meets next month.