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This interview captures a deep dive into the operations, history, and challenges faced by Wyo- Ben, a family-owned and managed mining and manufacturing company based in Wyoming. Pat Soldano, the president of Family Enterprise USA, conducts the interview with David Brown, the president and CEO of Wyo- Ben.
The conversation begins with an overview of Wyo- Ben’s unique position as a multi-generational family business advocating for family enterprises at a national level. David provides detailed insights into Wyo- Ben’s operations, including its specialization in mining sodium Bentonite, a crucial industrial mineral with numerous applications across various industries.
David traces Wyo- Ben’s roots back t his grandfather’s entrepreneurial ventures and the subsequent expansion and evolution of the company under his father’s leadership. He emphasizes Wyan’s commitment to family values, exemplified by its multi-generational workforce and active family council.
Throughout the interview, David articulates the challenges Wyo- Ben faces, from labor shortages to regulatory hurdles, particularly in the realm of environmental laws and federal land management. He advocates for policy changes that support mineral development and highlight the importance of responsible mining in sustaining the nation’s standard of living.
Furthermore, David underscores Wyo- Ben’s dedication to supporting local communities through various initiatives, including education, arts programs, and nonprofit support, all aimed at fostering sustainable communities and ensuring a prosperous future for both the company and its surroundings.
Overall, the interview provides a comprehensive look into the ethos, operations, challenges, and community engagement efforts of Wyo- Ben, painting a picture of a family business deeply entrenched in its values and committed to its employees and local communities.
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The need for fact-based reporting of issues important to multi generational businesses and protecting a lifetime of savings has never been greater. Now more than ever, multi generational businesses and family businesses are under fire. That's why Family Enterprise USA is passionately working to increase the awareness of issues important to generationally-owned family businesses built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates, possible elimination of valuation discounts, increase in capital gains tax, enactment of a wealth tax, and the continued burden of the gift tax, estate tax and generation skipping tax.
Family Enterprise USA promotes generationally owned family business creation, growth, viability, and sustainability by advocating for family businesses and their lifetime of savings with Congress in Washington DC. Since 2007, Family Enterprise USA has represented and celebrated all sizes, professions and industries of family-owned enterprises and multi-generational employers. It is a bi-partisan 501.c3 organization. Family foundations can donate.
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