POPULATION: 515,004 (2006 estimate)
LABOR FORCE: 286,267 (March 2007)
RIGHT TO WORK: Yes
TRADITIONAL INDUSTRIES: Mining, tourism, agriculture
EXPANDING INDUSTRIES: Natural resources and mining, construction, wholesale trade, transportation warehousing, utilities, data and information
COLLEGE GRADUATES: (Age 25 and over) 21.9%
BASIC BUSINESS TAXES:
Corporate Tax: No state income tax; no inventory tax; no franchise tax; no gross sales tax
Sales and Use Tax: 4 percent statewide retail sales tax; an additional 2 percent may be added on the local level
Property Tax: Creates a tax system that provides a level system for all types of business. Based on a de-facto assessment classification, commercial and other real and personal property is assessed at 9.5 percent of market value; industrial plants assessed at 11.5 percent of current value. Mill levy rates vary among local jurisdictions but average 70 mills.
BUSINESS INCENTIVES:
Business Ready Communities Grant and Loan Program
Community Development Block Grants:
- • Technical Assistance Grants
- • Infrastructure Grants
- • Planning Only Grants
- • Job Training Grants
Work Force Training Grants
Quick Start Workforce Training Program
Wyoming Partnership Challenge Loan Program
Wyoming Industrial Development Corp.:
- • Industrial Development Revenue Bonds