Wyoming Resources Page
Inward Investment Guides

Regional Report: With Energy as a Main Economic Driver, Mountain States Look Towards Industrial Diversification

Cynthia Kincaid  (July 2011)
While the Mountain region has greatly benefited economically from its mining, oil, and natural gas production, these states also recognize that they are exposed to energy volatility. Industrial diversification has helped fortify their respective economies. More

Wyoming Direct Financial Incentives 2011

Area Development Online Research Desk (March 2011)
Wyoming's economic development, finance, and tax organizations provide a range of incentive programs to initiate new business and commercial investment. Specific programs include the Workforce Development Training Fund, industrial development revenue bonds, and the Business Ready Community Grant and Loan Program. More

Wyoming Basic Business Taxes 2011

Area Development Online Research Desk (March 2011)
Wyoming's economic development, finance, and tax organizations provide a range of incentive programs to initiate new business and commercial investment. Specific programs include no corporate income tax, sales and use taxes, and property taxes. More

Good Jobs First: Public–Private Power Grab: The Risks in Privatizing State Economic Development Agencies

Good Jobs First (1/25/2010)
While some states have turned to public–private partnerships (PPPs) to revitalize their economic development agencies, Good Jobs First finds that these arrangements often present more problems than solutions. More

The Tax Foundation: 2011 State Business Tax Climate Index

The Tax Foundation (10/27/2010)
In its 2011 State Business Tax Climate Index, the Tax Foundation recognizes the 10 states with the most business-friendly tax environments. More

Regional Report: The Mountain States Climb with Green Energy and Bioscience

Lisa A. Bastian (September 2010)
Energy, biosciences, and manufacturing sectors are helping the Mountain States find economic stability during the Great Recession — and beyond. More

Wyoming: Looking for Economic Growth Through Wind Power

Mary Lou Byrd (Dec/Jan 10)
Job losses in traditional industries have led the state to focus on renewable energy, particularly wind. More

Clean Energy, Green Economy

Steve Stackhouse (June/July 09)
Renewable energy stands poised to create opportunities across the country. More
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Studies/Research
News Items
 
Around The Web
 
Studies/Research

wyoming at a glance

POPULATION: 544,770 (2009 estimate)

LABOR FORCE: 291,322 (May 2010)

RIGHT TO WORK: Yes

TRADITIONAL INDUSTRIES: Mining, tourism, agriculture

EXPANDING INDUSTRIES: Renewable energy, natural resources and mining, construction, wholesale trade, transportation, warehousing, utilities, data and information

COLLEGE GRADUATES: (Age 25 and over) 23.4%

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

Sales tax exemption for data center equipment

Principal Manufacturing industries

  • Fabricated Metal Products
    16.3%
  • Chemical Products
    15.9%
  • Petroleum & Coal Products
    10.5%
  • Food
    10.3%
  • Nonmetallic Mineral Products
    9.2%
  • Machinery
    5.5%
  • Wood Products
    5.2%
  • Plastics & Rubber Products
    4.9%
  • Transportation Equipment
    4.3%
  • Printing & Related Activities
    3.2%
  • Furniture & Related Products
    2.7%
  • Other Manufacturing Industries
    12.0%