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Wyoming is the 18th Best State for Business 2014

Wyoming has two major issues on the table right now that could affect the future economy: 1) a series of bridges that are in disrepair and will require funding, and the question of emission standards for coal-fired plants. As the lead coal supplier in the U.S., Gov. Mead told the Associated Press that the EPA’s new requirements would adversely affect Wyoming’s economy. Wyoming supplies about 40% of the U.S. coal supply.

Previous State: Alabama Next State: Iowa

No. 18 Wyoming

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP 

  • % Growth ’12-’13: 7.6
  • % Growth ’11-’12 v. Nat’l Avg. (2.5%): -2.3

Unemployment

  • Unemployment Rate Dec. 2013 %: 4.4
  • Comparison with Nat’l Rate (6.70%): -2.3

Domestic Migration

  • Domestic Net Migration 2013: 2,616
  • Rank: 19

State Government

  • State Debt per Capita Fiscal Year ’13 ($): 1,958
  • State & Local Gov’t Employees per 10k Residents: 918.3

State-Local Tax Burden

  • Rate (%): 7.8%
  • Compared to Nat’l Avg. (9.9%): -2.09%
Key Companies
  • United Bankshares
  • Cloud Peak Energy
  • Great Lakes Aviation
  • U.S. Energy Corp.
Development Trend Indicator: Positive
Libertarian streak keeps taxes sleek enough to rank No. 1 with Tax Foundation.


Based on CEO Survey by ChiefExecutive.net

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation

About JP Donlon

JP Donlon
JP Donlon is the Editor-in-Chief of Chief Executive magazine.