Review of the 2021 financial year | Local company
SHERIDAN – As communities in other parts of Wyoming continued to suffer from an economic downturn due in part to the COVID-19 pandemic and the decline of the energy industry, Sheridan County has remained stable even in the midst of economic growth. Here are some of the biggest business moments in Sheridan County from 2021.
Dynamix Energy Corporation of Wyoming and Falcon Cars Corporation of Connecticut have announced plans to join the Sheridan County Airport Business Park.
Airport manager John Stopka said the airport signed 40-year leases with Dynamix Energy Corporation of Wyoming and Falcon Cars Corporation of Connecticut. The first will lease two lots totaling 1.51 acres to the business park while the second will lease five lots totaling 4.94 acres.
Dynamix will use the space to house its corporate aircraft and to perform light manufacturing and development of electric flight systems, Stopka said. The company will initially pay $ 5,000 per year for the first five years, and the rent will then increase based on the Wyoming cost of living index for the remainder of the term.
Falcon Cars will use the space to perform lightweight fabrication on electric vehicle components and electric theft systems, according to Stopka. The company will initially pay $ 15,000 per year for the first five years, and the rent will then increase based on the Wyoming cost of living index for the remainder of the term.
Sheridan County Airport has seen an increase in boardings after a year of successful pandemic.
“In 2020, Riverton and Sheridan were the only two airports in the country to have increased boardings,” Renee Obermueller, executive director of Sheridan County and member of the board of directors of the Critical Air Service team, said in November. “Wyoming is a good proposition for SkyWest. Wyoming hasn’t felt the impact of COVID as much as some states, and we’ve been a good customer to them. “
Airport manager John Stopka predicts more than 20,000 boardings by the end of 2021, a large increase from previous years when the airport struggled to meet the 10,000 boardings required to receive a federal funding.
Robby and John Smith have sold Sheridan Stationery, Books and Gallery to Nick and Jessica Bohnsack after 28 years in business at the intersection of Main Street and Grinnell Plaza. The Bohnsacks moved the business to the building that once housed Cosner Construction’s head office and renamed it Sheridan Stationery, Books & Gifts.
The Roosters Denominational Bookstore and Gift Shop moved to the former Sheridan Stationery location at 206 N. Main St., and the Gravity Performing Arts Center moved to the former Roosters location on South Sheridan Avenue, creating a new generation of young people trained in the performing arts in Sheridan County. .
Other movements in downtown Sheridan included Jackalope Jump moving from its location near South Main Street to North Main Street.
Shabby Shack left the Cady building in time for new owner Christer Johansson to begin renovating and restoring the historic building, with major expansion plans possibly to a fourth floor and to the east with another building where Las Delicias used to operate. Las Delicias now operates in the old Wyoming Cattle and Creek building – which closed earlier in 2021 and hopes to move – on Broadway Street.
Holly Seed announces closure
Holly Seed closed after 100 years of service to Sheridan County.
Holly Seed was purchased in 2005 by Southern Minnesota Beet Sugar Cooperative, a family farmer-owned company in Minnesota that also operates a sugar beet factory in Brawley, Calif., Holly Seed also more recently sharing an alliance with Belgian company SESVanderHave. .
While later settling in Sheridan, Holly Seed started in Holly, Colorado, in 1905.
Greenhouses also linked to the company were purchased by the Scott Foundation and donated to School District 2 in Sheridan County in February.
The Sheridan Economic and Educational Development Authority is looking to expand the area of the high-tech business park in northern Sheridan, as only 4.5 acres remain in the 38.5-acre park.
The eventual final location of the expansion will depend on a variety of factors, including public-private partnerships with neighboring landowners, SEEDA administrator Robert Briggs said.
In addition, staff from SEEDA, Sheridan County, and Sheridan Town have approved funding for a housing study to update the last one conducted in 2006.
Open jobs, scarce help
Companies have not necessarily suffered from a lack of activity, but rather from a lack of personnel to maintain their activity.
Sheridan County’s unemployment rate fell from 2.5% in September 2021 to 2.3% in October 2021, according to statistics from the Wyoming Department of Workforce Services. The number of unemployed in Sheridan County fell from 399 in September to 367 in October, according to the department.
That number looks particularly good compared to unemployment figures from a year ago, according to David Bullard, senior economist at the Wyoming Department of Workforce Services. As of October 2020, 3.6% of residents of Sheridan County – or 585 – were unemployed.
Yet companies are struggling to hire staff and some people have decided not to take work. Wyoming Department of Workforce Services senior economist David Bullard said it was not unusual to see a decline in the workforce and that it was part of a natural ebb and flow . Most of the time, however, the workforce is shrinking, which is because people have left the state, Bullard said. According to the Census Bureau, most of Wyoming’s workforce stayed in the state but simply stopped looking.
Scams associated with Sheridan-based registered agents continue
The address of 30 N. Gould St. and other locations in Sheridan County are home to Registered Commercial Agents, who the Wyoming Secretary of State’s Registered Agents fact sheet says are natural persons. or business entities with a physical address in Wyoming that are licensed to conduct business transactions in the state.
Registered agents operate legally and provide a service for which there is a demand. However, The Sheridan Press – along with the Sheridan County Chamber of Commerce, the Wyoming Legislature, and many other state entities – have received reports claiming that some of the companies that use the services of these registered commercial agents may do not operate ethically, as several of the scams have been reported from this address and others to Sheridan.
While the state attorney general’s office continues to work on the case, the process remains fully legal under Wyoming state statute.