CHEYENNE, Wyo. — 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.

Author photo
The AP is one of the largest and most trusted sources of independent newsgathering. AP is neither privately owned nor government-funded; instead, as a not-for-profit news cooperative owned by its American newspaper and broadcast members, it can maintain its single-minded focus on newsgathering and its commitment to the highest standards of objective, accurate journalism.