Cheyenne LEADS, the Cheyenne-Laramie County Corporation for Economic Development, is an outgrowth of the deliberations, studies, wide-ranging in-depth interviews and public workshop conducted by an Economic Development Task force established in late 1985 to formulate an economic development strategy for Cheyenne and Laramie County, Wyoming. The result, Cheyenne LEADS became a new kind of organization, whose structure has been carefully thought out to respond both to the Economic Development needs of Cheyenne and Laramie County-as the people themselves have identified them-and to the realities of the marketplace.
The task force discovered that meaningful economic development requires a sustained, full-time, business-like approach. Cheyenne LEADS has been organized as a business, managed by paid, professional staff and accountable to the “stockholders,” its dues paying members.
A summary of LEADS’ success since its inception in 1986 includes more than 80 new companies recruited and 6,000 new jobs created. The annual payroll from these companies is $170 million, with a capital investment of over $1 billion.
The 900 acre Cheyenne Business Parkway, which is owned by LEADS, currently has 300 acres available in parcels ranging from 4 acres to 60 acres. Sixteen companies, including Sierra Trading Post, Green House Data, Magpul and Lowe’s Distribution, account for over 2,400 jobs, currently reside in the Parkway.
The second business park owned by LEADS, North Range Business Park, totals 740 acres with a total of 220 acres of land available in 10 parcels from 8 acres to 45 acres. The park houses Wal-Mart’s state of the art food distribution facility, the National Center for Atmospheric Research’s (NCAR) super-computing center, and is preparing for Microsoft’s Data Center located on a 200 acre parcel.