Retail Sales Increased
Retail sales have increased by 13% over the last year.
The economic activity in Laramie County is improving. Measured using retail sales there has been a 13% increase compared to 2016. There has been a 19.3% increase from the second to the third quarter in 2017. Total tax collections improved by 18.4% over the last year and 21.7% from the second to the third quarter. This is positive for the greater Cheyenne area and also a positive trend for retail.
Currently with retail being at-risk because of online sales any improvement in the arena during a busy shopping season is worth celebrating. Shopping locally is critical to the local tax base and mindful purchases from small businesses and entrepreneurs will help strengthen the area’s economy.
See the full report featuring other important economic indicators here.