The Colorado Springs Regional Business Alliance has named Lynn Allan “Al” Wenstrand as its new chief business development officer.
The Business Alliance conducted a regional and national search to find a candidate for the position that oversees business development programs. Programs include local industry support, business recruitment, entrepreneurial support and the development of products and services to serve these areas.
A key function of this position is to work with regional and state partners to develop solutions and strategies that will result in a stronger and more diverse economy.
“We were very thoughtful in our approach to finding just the right person to bring new energy, ideas and strategies to our business development program,” said Joe Raso, president and CEO of the Business Alliance. “Al’s depth and breadth of experience in economic development is exceptional.
Most recently, Wenstrand was vice president, business development, for a start-up company, Molecular Power Systems, LLC/Joi Scientific, Inc., located in the Space Life Science Laboratory at NASA’s Kennedy Space Center.
Prior to that private sector role, he served as president of Florida’s Great Northwest, Inc., a regional economic development organization representing 16 counties in northwest Florida. In 1999, he was appointed by Nebraska Gov. Mike Johanns to serve in a cabinet-level position as director of economic development for the state.
Wenstrand also served for seven years as executive director, Sarpy County Economic Development Corporation, in Omaha, Neb. He has managed entities with budgets in excess of $40 million, has experience in developing regional economic development plans and has worked extensively in the entrepreneurial community.
Wenstrand has a bachelor of science degree in business administration and master of education from the University of Nebraska.
Wenstrand will begin his new position with the Business Alliance on May 1.
“I’m really excited to join the team at the Business Alliance,” he said. “I have researched the organization and the community and had the opportunity to meet the Alliance’s leadership. I am impressed with the organization, the strides it has made over the last two years since the merger, as well as with the commitment the business leadership, Joe and his team have made to this region.”