Northern Wyoming Daily News - Serving the Big Horn Basin for over 100 years

By Micheal Illiano
The Sheridan Press--WNE 

Sheridan companies adapt to changing coal markets

 

September 25, 2018



SHERIDAN — Wyoming’s reliance on the mercurial coal market has led to ongoing discussions about diversifying the state’s economy. The challenges facing Wyoming, though, exist on a smaller scale as well, with individual businesses that have relied on the coal industry having to adapt.

Marva Craft, co-owner of Craftco, estimated that 75 to 80 percent of her company’s clients were firms in the coal industry. Therefore, when coal markets declined in 2013 and 2014, Craftco found its business declining also. That forced the company to adapt. “We started working back then on diversificat...



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