CEO Guide to Site Selection

#29

Wyoming

CEO Rank on Best & Worst States for Business

NEW OPPORTUNITIES IN THE EQUALITY STATE

While the pandemic and reduction in natural resources production created revenue concerns in Wyoming, the state offset some of the losses by remaining open at a time when others were in lockdown. Traditional industries performed well in 2021, and growth in advanced manufacturing and nuclear innovation offers new opportunities. The Equality State is now cultivating new opportunities with several initiatives such as the Wyoming Innovation Center in Gillette, which is focused on developing advanced carbon products using coal and coal byproducts as a raw material.

"I remain committed to conservative Republican principles: minimal government closest to the people, individual liberty and the freedom to operate your business unconstrained from government mandates.”
Mark Gordon
Governor

TAXES

No corporate income tax

# 0

on the Tax Foundation’s State Business Tax Climate Index ranking

EDUCATION

0 %

of students graduated high school in 2019

0 %

of adults age 25 and older have a bachelor’s degree or higher

UNEMPLOYMENT RATE

0 %

RIGHT TO WORK STATE

Yes

QUALITY OF LIFE

# 0

POPULATION GROWTH

0 %

increase between 2010 and 2020

KEY INCENTIVES

No Taxes: No corporate or personal income tax. No inventory, franchise, occupation or value-added taxes.

Business Ready Community Infrastructure Program: Offers financing of up to $3 million in grants or low-interest loans for publicly owned infrastructure that serves the needs of business and promotes economic development.

Workforce Development Training Fund: Offers grants up to $4,000 per trainee per fiscal year to upgrade skills, train for new positions, or provide industry-specific training programs.

Data Center Incentives: Offers cost reduction grants of up to $2.25 million to reimburse utility expenses for up to three years. Data centers are also exempt from Industrial Siting permit, which can shave $500,000 and 18 months off new projects.

Cryptocurrencies: Legislation passed in 2018 created a financial “sandbox” by allowing companies to apply for a two-year exemption from state statute.

EDCs

Wyoming Business Council

wyomingbusiness.org

 

Cheyenne LEADS

cheyenneleads.org

 

Greater Cheyenne Chamber of Commerce

cheyennechamber.org/businesseconomicdevelopment

 

Advance Casper

advancecasper.com

HIGHLIGHTED PROGRAM OR INITIATIVE

In December 2020, the Wyoming Business Council launched the Thrive > Survive Campaign to spotlight resiliency stories from a variety of communities, programs and businesses. It aims to demonstrate how in Wyoming, innovation, elbow grease and working together can help communities and businesses grow stronger.

BIG DEALS

  • Avalon International Aluminum announced in December 2020 it would relocate from Oregon to Evanston and create 60 jobs over the next five years.
  • ISA Corporation announced in May 2020 it would relocate operations from Oregon to Evanston and expand with more than 100 new jobs in five years.
  • Maven Outdoor Equipment announced in April 2021 it would build a new headquarters and create 23 jobs in Lander.
  • TerraPower announced in November 2021 the selection of Kemmerer as its preferred site for an advanced reactor demonstration plant.
  • EMIT Technologies completed a $10 million expansion and created 85 jobs in Sheridan.
  • Gunwerks completed a 36,000-square-foot facility in Cody to expand products lines.

BIG COMPANIES

  • J.R. Simplot
  • Rocky Mountain Power