Project Lead: Paul Bonifas Ongoing Project
Contributors: Tyler Brown & Chuck Mason
The CBEA will produce a report that examines the domestic and international market outlook for rare earth elements as it relates to Rare Element Resource’s Bear Lodge Project.
Project Leads: David Aadland & Rob Godby Ongoing Project
Contributors: Sruta Mukherjee
The CBEA will investigate the economic impact of UW’s SparkTank program. SparkTank is the University of Wyoming Ethics Club’s philanthropic campaign to support local nonprofits.
Project Leads: Morgan Holland & Kara Fornstrom Ongoing Project
Contributors: Sruta Mukherjee
The CBEA will analyze data provided by Project West’s new greenfield soda ash project to determine the economic impact to Wyoming’s economy. In addition, the CBEA will research regulatory constraints and considerations pertinent to Project West to inform models of regulatory delay. These models of regulatory delay will be used to estimate the economic loss to Wyoming caused by delays of necessary regulatory approvals.
Project Leads: Morgan Holland Ongoing Project
The CBEA will determine the economic impact of Cowboy Clean Fuels' future operations on Wyoming's economy.
Project Lead: Christelle Khalaf Ongoing Project
Contributors: Sruta Mukherjee
The CBEA is supporting the School of Energy Resources (SER) at UW which is leading a coalition team that includes the Colorado Geological Survey, Colorado School of Mines, Los Alamos National Labs, local community colleges, and other experts with the goal of designing an economically viable Carbon Ore, Rare Earth, and Critical Minerals (CORE-CM) industry in the Greater Green River Basin and Wind River Basin (GGRB-WRB). This project's Principal Investigator is Davin Bagdonas. More information can be found in this press release.
Project Leads: Rob Godby & Elijah Bryant Ongoing Project
The CBEA provides a determination of the 2023 Prevailing Heavy/Highway and Building Construction Wages in the State of Wyoming. The project includes administering online and print surveys as well as calculating wages using methodologies consistent with State statutes.
Project Leads: David Aadland & Anders Van SandtCompleted
Contributors: Steven Nevels
The CBEA is conducting an economic analysis of providing municipal water to housing developments in Laramie County.
Project Leads: David Aadland Completed
Contributors: Sruta Mukherjee
The CBEA is undertaking a traditional economic contribution analysis for the state’s manufacturing sector. The contribution to the economy is measured in terms of jobs added, employee compensation, value added, total output, and tax revenue generated. The results include the direct effects of the firms, as well as the multiplier effects of business-to-business spending. The economic impacts are based on the data provided by the U.S. Bureau of Economic Analysis, Dun & Bradstreet, and IMPLAN.
Project Leads: David Aadland Completed
Contributors: Steven Nevels
The CBEA is undertaking a traditional economic contribution analysis for Wyoming’s rural electric association. The contribution to the economy is measured in terms of jobs added, employee compensation, value added, total output, and tax revenue generated. The results include the direct effects of the rural electric cooperatives, as well as the multiplier effects of business-to-business and household-to-business spending.
Project Leads: Christelle Khalaf & Elijah Bryant Completed
Economic development incentives are used to encourage activity or economic investment that might not otherwise take place. This analysis evaluates one such economic development incentive in Laramie County, Wyoming: the use of free and discounted land to facilitate job creation and retention. At the request of Cheyenne LEADS, a non-profit organization housed in Laramie County that offers this incentive, the CBEA conducted an analysis to assess the return-on-investment (ROI) of providing free and discounted land. The term ROI here differs from the traditional definition and instead focuses on fiscal revenue as the economic benefit.
Project Lead: Dave Aadland Completed
The Center for Business and Economic Analysis (CBEA) at the University of Wyoming plans to produce a report that examines the economic impacts of hospitals and nursing homes in Wyoming. This analysis will focus on the impact of operations, construction, and visitor spending. It will consist of an estimated impact of these activities on regional economic output, employment, and labor income at the institution, county, and state levels. In addition, the analysis will estimate the local and state fiscal impacts of these activities.
Project Lead: Dave Aadland Completed
Contributors: Sruta Mukherjee & Elijah Bryant
The Center for Business and Economic Analysis (CBEA) at University of Wyoming will produce a report that examines the regional economic impact from construction and operation of the proposed Newcastle, WY Heritage Park.
Project Lead: Christelle Khalaf Completed
Contributors: Sruta Mukherjee & Kiptia Lima
The CBEA is measuring the economic impacts of wind energy projects in Wyoming. The project includes an examination of the differences in permitting requirements and timelines across land and project type and how these differences interact with the economic and fiscal impacts realized in the state.
Project Lead: Christelle Khalaf Completed
The CBEA is providing a Techno-Economic Analysis of a lithium extraction process that plans to use membrane substrates to produce an energy efficient, cost-effective, and easy-to-scale module to directly extract lithium from the Salton Sea. This project is funded by the U.S. Department of Energy and the Principal Investigator is Katie Li-Oakey.
Project Lead: Christelle Khalaf Completed
Contributors: Sruta Mukherjee & Kiptia Lima
The CBEA will examine the economic impact from visitor spending of motorcyclists traveling on off-highway routes. The project involves surveying 40,000 riders on BDR’s mailing list and then using the revealed spending patterns to model the economic impact in the following states: Arizona, California, Colorado, Idaho, Maine, Maryland, Massachusetts, Nevada, New Hampshire, New Mexico, New York, North Carolina, Pennsylvania, Utah, Vermont, Virginia, Washington, and West Virginia. In addition, the CBEA will use hypothetical visitor scenarios to model the economic impact from new routes in California, Oregon, and Wyoming.
Project Leads: Dave Aadland & Roger Coupal Completed
Contributors: Elijah Bryant
We analyze the economic impact of Wyoming State Parks, Historic Sites and Cultural Resources (SPHSCR) from 2010 to 2019. The last economic impact analysis was conducted in 2010, analyzing data from 2009, with a value-added estimate of $47.4 million for visitation to state parks and historic sites. This report shows the impact over the last decade (2010-2019) and provides an annual snapshot from 2019. The report includes a traditional economic impact analysis, calculating the economic impact of SPHSCR by measuring the re-spending effects of non-residents coming to Wyoming to recreate within the SPHSCR system and spending money in the local economies. The report also includes an economic analysis of resident spending on state parks and historical sites, as well as an economic analysis of Wyoming’s cultural resources using U.S. Bureau of Economic Analysis data.
Project Lead: Brad Boyles Completed
This analysis will focus on the impact of the project’s construction phase and subsequent operation phase. It will consist of an estimated impact of these activities on economic output, employment, and labor income in Laramie County as well as the State of Wyoming. In addition, the analysis will estimate the local/state and federal fiscal impacts of these activities.
Project Lead: Christelle Khalaf Completed
Contributors: Brad Boyles & Anders Van Sandt
The CBEA is examining the contribution of the nonprofit sector to the State of Wyoming. The purpose of this project is to quantify the benefits that accrue to the economy and communities served by nonprofit organizations in the state.
Project Lead: Christelle Khalaf Completed
This analysis will focus on the impact of the project’s construction phase and subsequent operation phase. It will consist of an estimated impact of these activities on economic output, employment, and labor income in four Wyoming Counties: Albany, Converse, Laramie, and Goshen. In addition, the analysis will estimate the local/state and federal fiscal impacts of these activities.
Project Leads: Dave Aadland & Christelle Khalaf Completed
Contributors: Irene Zapata Morán & Kiptia Lima
This project models the economic impacts of hypothetical visitor scenarios and surveys households to estimate the valuation of different Pilot Hill attributes through hypothetical choice experiments.
Project Lead: Ben Cook Completed
The CBEA is developing the necessary data models and methodology necessary to conduct the energy portfolio “economic impact assessments” that have been flagged as a critical component of future Integrated Resource Plan (IRP) filings to the Wyoming Public Service Commission (PSC).
Project Lead: Christelle Khalaf Completed
The CBEA is modeling the economic impact of WyoTech. This analysis will focus on the impact of WyoTech’s operations, construction, student, and visitor spending for FY 2020, FY 2025, and FY 2030. The analysis will demonstrate the estimated direct, indirect, and induced impacts of these activities on regional economic output, employment, value added, and labor income. The analysis will also estimate the local/state and federal fiscal impacts of these activities.
Project Lead: Dave Aadland Completed
Contributors: Bethany King
The CBEA conducted two analyses for the Wyoming Business Council (WBC). In the first, the CBEA performed an econometric analysis of Wyoming’s economy. The study contained three types of analyses: (1) an overview of Wyoming’s economy, both historically and currently; (2) an analysis of Wyoming’s economy that controls for variation in the energy sector; and (3) correlation of Wyoming’s economy with investments made by the WBC. In the second project, the CBEA created an amenity index for 23 of the most populous cities in Wyoming to help the WBC strategically invest in community amenities. The index is composed of two parts: 1) a survey that asks individuals which amenities are most important in the decision of where to live, and 2) an inventory of outdoor and urban amenities in each of the 23 communities.
Project Lead: Dave Aadland Completed
Contributors: Connor Magnuson
The CBEA estimated the economic impact of Pace-O-Matic electronic “games of skill” in Wyoming. The economic impact (i.e., direct, indirect and induced effects, as well as employment gains) of such games is estimated based on 2019 and 2020 revenue data, predicted out to the year 2029 using county-by-county population projections and Pace-O-Matic growth scenarios.
Project Lead: Dave Aadland Completed
Contributors: Marshall McFarland & Sienna Trujillo
Laramie Jubilee Days started in 1940 and has been running for 78 years as a celebration of Wyoming statehood and our local community. The CBEA surveyed Laramie businesses across a variety of industry classifications and found that generally they indicated a positive attitude regarding Laramie Jubilee Days, both in terms of economic stimulus and community identity.
Project Lead: Dave Aadland Completed
This analysis estimated the economic impacts of the NIH/INBRE funding received by the University of Wyoming over the period 2004-2017. Standard economic impact analysis is applied using regional economic expenditure multipliers. The project also highlights positive impacts from INBRE funding, such as economic diversification and human capital accumulation, which are more difficult to quantify.
