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NEWS ITEMS
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May U.S. Factory Orders Rise Significantly
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Wyoming
Resources Page
Clean Energy, Green EconomyRenewable energy stands poised to create opportunities across the country. More |
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Wyoming Economic Development Fueled By Wind Technologies, Other Energy ProductionWind ranks among the most active energy sectors in Wyoming. Approximately 25 different wind projects are either recently completed, under construction, or in the permitting stage. More |
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A conversation with…Mark Willis, Director of the Business and Industry Division of the Wyoming Business Council“At this point, we are managing growth rather than pushing growth. We don’t have to be in a hurry; we are working hard for the quality companies that we want to attract.” More |
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Wyoming
At A Glance
POPULATION:
522,830 (2007 estimate)
Corporate Tax: No state income tax; no inventory tax; no franchise tax; no gross sales tax
LABOR FORCE: 295,528 (June 2008)
RIGHT TO WORK: YesTRADITIONAL INDUSTRIES: Mining, tourism, agriculture
EXPANDING INDUSTRIES: Natural resources and mining, construction, wholesale trade, transportation warehousing, utilities, data and informationCOLLEGE GRADUATES (Age 25 and over) 22.7%
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 millsBUSINESS INCENTIVES:
Business Ready Communities Grant and Loan Program
Quick Start Workforce Training Program
Wyoming Partnership Challenge Loan Program
Business Ready Communities Grant and Loan Program
- Community development block grants:
- Technical assistance grants
- Infrastructure grants
- Planning only grants
- Job training grants
Quick Start Workforce Training Program
Wyoming Partnership Challenge Loan Program
- Wyoming Industrial Development Corp.:
- Industrial development revenue bonds
SPONSOR PROFILES:
