Earlier this year, Inductance Energy (IE) announced plans to open a manufacturing facility in Riverton which would bring at least 20 jobs initially.
It’s been a few months since the announcement so County 10 caught up with their government liaison Richard Hawley to see how things are going.
“We are moving as fast as we can,” Hawley explained. Everything is reliant on the tax-exempt revenue bond approval which is at the sole discretion of Governor Mark Gordon.
Hawley attributed the slow progress to two things: COVID-19 and the limited number of bonds like this that pass through the state – the last one was in 1997.
Riverton Mayor Richard Gard recently sent Governor Gordon a letter in hopes of moving this process along. As of today, August 7th, Mayor Gard has not heard anything from Gordon or his office.
The plan remains the same for manufacturing. To start with, wiring harnesses and automation components will hit the assembly line and bigger items like flywheel components will join the process.
Riverton remains on the energy company’s ideal list of manufacturing locations due to the amount of other small electronic resources available like Pertech Industries and Brunton.
IE is innovating the world of energy with the use of Magnetic Propulsion. They currently have an office in Cheyenne, a training center in Arizona, and a Nevada office. You can learn more about IE by clicking here.