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Wyoming is the 18th Best State for Business 2014

Picture of J.P. Donlon

J.P. Donlon

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


Picture of J.P. Donlon

J.P. Donlon

J.P. Donlon is Editor Emeritus of Chief Executive magazine.
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