#18 Wyoming


 8.92 out of 10 in Taxation and Regulation

6.33 out of 10 in Workforce Quality

7.83 out of 10 in Living Environment

Right to Work?


Moving Beyond Energy

Due to energy dependence and plummeting oil prices, Wyoming’s economy has had a bumpy ride of late. Last year, Gov. Matt Mead announced the ENDOW (Economically Needed Diversity Options for Wyoming), a 20-year strategic plan to coordinate economic diversification efforts across the state. The New Growth Alliance, which includes Campbell, Sheridan and Johnson counties in the northeastern part of the state, is aiming to diversify with tech. New Growth Alliance CEO David Simonsen says the region has been expanding its community college system; Sheridan College is nearing completion of a renovation and expansion of its Technical Education Center to produce more skilled tradespeople.

From the Governor

“Year after year, we are recognized as #1 among states for our business-friendly tax climate and as one of the best states to start a business. Wyoming has no state income or corporate tax, and our Internet connectivity is second to none….Wyoming is not just a place to be, it is the place to build your business and live life to the fullest.” —Gov. Matthew Mead

Key Industries

Clean Tech, Data Center, Firearms, Logistics, Manufacturing, Mining

Key Companies

Cloud Peak Energy
Great Lakes Aviation
United Bankshares
Uranerz Energy Corp.
U.S. Energy Corp.

Key Contacts

Business Council

Shawn Reese, Chief Executive Officer
307-777-2862
214 West 15th St.
Cheyenne, WY 82002-0240
shawn.reese@wyo.gov
http://www.wyomingbusiness.org/

Key Incentives

Business Ready Community Grant and Loan Program: Offers grants or loans of up to $3 million to cities, towns or counties for infrastructure improvements to attract businesses.

Economic Development Large Project Loans: Offers loans of $5 million and up to finance the purchase, construction and installation of buildings and equipment.

Workforce Development Grants: Offers grants of between $1,000 and $4,000 per worker for training of new or existing employees.

Sales Tax Exemption: Offers sales tax exemptions for manufacturers on equipment and energy consumption used. Data centers can also qualify and are offered reduction grants of up to $2.25 million over the course of three years to reimburse accredited utility expenses.

EDCs

Wyoming Business Council: wyomingbusiness.org

Wyoming Economic Analysis Division: eadiv.state.wy.us

Cheyenne LEADS: cheyenneleads.org

Greater Cheyenne Chamber of Commerce: cheyennechamber.org

Highlighted Program or Initiative

Coders of the West fosters coding, programming and technical skills in K-12 schools and connects students to internship opportunities at local firms.

Big Deals

  • HIVIZ Shooting Systems, which moved its core operations center to Laramie in 2013, announced in September 2016 it would add 20,000 square feet to its headquarters and create more than 70 new jobs.
  • Hydroponics manufacturer Bright Agrotech announced in December 2016 it would hire 40 new employees and build its new headquarters in Laramie.
  • Tungsten Heavy Powder announced in March 2017 it would add 30 new jobs and construct a 15,500-square-foot manufacturing facility, Tungsten Parts, in Laramie.
  • Microsoft is currently constructing a $200 million data center expansion, its third expansion in the state since it announced plans to build a data center in Cheyenne in 2012.

Big Companies

Arch Coal
National Outdoor Leadership School
Tata Chemicals
Jackson Lake Lodge
Sinclair Oil
Sierra Trading Post
Trihydro
Advanced Coal Technology
Vacuum Technologies

C-Suite Testimonials

“The benefits the state provides both manufacturers and, certainly, companies like ours that are fast-growth companies is just extraordinary….Wyoming is a great place with solid folks.” —Mike Thomas, Chief Operating Officer, HIVIZ Shooting Systems

“The state has a lot of space available, they’ve got business parks, they have great incentives to bring manufacturers to Wyoming, and we’ve got resources like the community college happy to work with us. There’s a great workforce here.”
—Carey Ryerson, Vice President of Manufacturing Operations, Magpul Industries

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