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Project
Experience |
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| Project: |
GOSHEN COUNTY
TARGETED INDUSTRIES STUDY |
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| Location: |
Goshen County, Wyoming |
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Client: |
Goshen County Economic Development Corporation
302 West 21st Avenue
Torrington, WY 82240 |
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| Contact: |
Brad Sutherland, Executive Director |
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| Year Completed: |
March 2005 |
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| Project Scope:
The Goshen County Economic
Development Corporation (GCEDC) desired to expand the industrial
base of Torrington, Wyoming. GCEDC had particular interest in
attracting potential food processors and other manufacturers
that could make use of available local resources such as
processed sugar, wheat, corn, beef cattle, and ethanol.
Pedersen Planning Consultants (PPC) was retained to prepare a
marketing and industrial opportunities report, as well as a
report of recommended strategies, that would be used to market
Torrington as a potential location for future industrial
investment.
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| PPC initially met with
representatives of various industrial companies that are already
based in the vicinity of Torrington to gain a better
understanding of community assets, investment barriers, and
potential industrial expansion opportunities. Information gained
from these discussions was also used to help identify potential
value-added enterprises that might be derived from existing
industrial operations. |
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| Specific economic development
opportunities were examined more specifically in context of the
type of raw materials required for manufacturing, existing
centers of production, market locations, product transportation
costs via truck and/or rail transport, labor force requirements,
and profitability. This information was gained through
discussions from a variety of industry sources and other
available information. A statistical model was developed to
facilitate this evaluation that enabled PPC to determine more
promising economic development opportunities that might be
attractive to selected types of manufacturers and food
processors. This information also used by PPC to refine the
list of potential food processors, manufacturers and other
industrial concerns. PPC prepared a Manufacturing and
Industrial Opportunities brochure and distributed copies of the
brochure to approximately 30 industrial concerns. Follow-up
conversations were made to representatives of several selected
companies that showed promise for potential recruitment in light
of available commodities, manufactured products, and
infrastructure. Information gained from these company
representatives enabled a further refinement of potential
industries that were recommended for future recruitment.
PPC also prepared an Industrial
Recruitment Strategy report. The report recommended strategies
concerning how to better organize and expand industrial
recruitment efforts, develop marketing tools, pursue specific
target markets, increase the availability of lands and
facilities for future industrial expansion, improve rail access
and develop a more competitive rail environment, and improve the
municipal wastewater treatment system. |
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