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State Resources


Wyoming Business Resources

The federal government owns half of the land in Wyoming. This land is mostly set aside for national parks, but a significant portion is used for mining. Mining is the largest contributor to Wyoming’s economy. Natural gas, coal, and petroleum lead the way followed by sodium carbonate, uranium, gold, iron, and various clays. The state and federal governments both collect royalties from mining companies who operate on such land. However, Wyoming’s lack of both individual and corporate income taxes makes it especially attractive to business.

Tourism is another leading industry in the state’s economy bringing approximately six million people to visit the state’s national parks and monuments, including three million who visit Yellowstone National Park.

Business Data

Per Capita Real GDP$39,130 Rank: 15/50 (2006)
Population493,782 Rank: 50/50 (2000)
Per Capita Personal Income$40,676 Rank: 6/50 (2006)
Unemployment Rate2.70% Rank: 2/50 (2008)
Business Tax Climate IndexRank: 1/50 (2008)
Corporate Tax Rate0
Individual Tax Rate 0
Sales Tax Rate 4%

Business Tax Climate Index

Individual Income Tax Index Rank
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Business Tax Climate Index
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State Information

AbbreviationWY
CapitalCheyenne
Nick NameEquality State
State Web Site http://www.wyoming.gov
MottoEqual rights

Top 5 Export Partner Countries

Canada, Brazil, Mexico, Chile, Japan

Top 5 Export Merchandise

Chemicals Sales Chemicals Manufacturing

Major Cities

Cheyenne

GDP

Total Gross Domestic Product (USD Millions) $31,514.00 (2007)
Per Capita Real GDP (USD)$40,303.00 Rank: 13 (2007)

Population Stats

Population 532,668 Rank: 51 (2008)

Age Distribution

Under 18 Population128,873
Under 18 Percent of Total Population26%
65 and older Population57,693
65 and older Percent of Total Population12%

Gender Distribution

Male Population50.3%
Female Population49.7%
Non-English Speaker (at home)24,220
Net International Immigration2,264
Birth Rate13.4%
Percent of People Under Poverty Level9.5%
Rank45

Expenditure

Per Capita State Spending$4,957
Rank2
Energy Expenditures per Person$8,431
Expenditures of State and Local Government Employee-Retirement Systems$240,266

Revenue

Personal Income$47,038
Rank6
State Internal Revenue Collection$4,724,678
Rank48
Cash and Deposits by State Government$303,297
Per Capita State Tax Collection$4,164
Rank1

Education

High School Graduation Rate74.6%
Rank22
Percent of Population with a Bachelor's Degree15.6%
Rank35
Percent of Population with an Advanced Degree7.6%
Rank39

Largest Universities

University of Wyoming
High School Graduation Rate74.6%

Logistics

Public Road Length (Mile)27,834
Gas Tax Rate (%)14%
Highway Planning and Construction (USD Thousands)225,021
Number of Public Airports41

Main Airports

Ports

Weather


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State Business Links

Wyoming Tribune Eagle
http://www.wyomingnews.com

Secretary of State

Wyoming Secretary of State
http://soswy.state.wy.us/
Provides services of the office, a directory, election and notaries public information, agency rules and regulations

Small Business Administration

Wyoming Small Business Administration
http://www.sba.gov/localresources/district/wy/index.html
The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. We recognize that small business is critical to our economic recovery and strength, to building America's future, and to helping the United States compete in today's global marketplace. Although SBA has grown and evolved in the years since it was established in 1953, the bottom line mission remains the same.

Top 10 Business Links

GoWYLD.net
http://gowyld.net/wyoming/business.html
The GoWYLD! Guide to Wyoming Business provides a host of links to relevant government and business resources for conducting business in Wyoming.
Office of Research and Economic Development
http://uwacadweb.uwyo.edu/Research/
This research office is a collaborative project between the University of Wyoming, and various other colleges and organizations, to enhance and coordinate research projects within the state. It is an umbrella of several sub-units and outreach program that aid in business and economic development of the state.
U.S. Export Assistance Center of Denver
http://www.buyusa.gov/colorado/
The Colorado branch of the Department of Commerce that specializes in helping small to medium sized companies develop and execute exporting strategies. Fees vary and are based on the service being provided.
U.S. Export Assistance Center of Denver
http://www.buyusa.gov/colorado/
The Colorado branch of the Department of Commerce that specializes in helping small to medium sized companies develop and execute exporting strategies. Fees vary and are based on the service being provided.
Wyoming Business Council
http://www.wyomingbusiness.org/
The Wyoming Business Council exists to facilitate the economic development of the state. It provides assistance in core business functions, international trade, as well as minorities in business. The organization also publishes an annual report of various economic legislations within state, and has a comprehensive directory of major conference and trade events.
Wyoming Market Research Center (WMRC)
http://uwadmnweb.uwyo.edu/wmrc/
The WMRC provides market research assistance to businesses in the state, that wish to expand throughout the country, and also into international markets. Its services are generally free of charge, but the center does subsidize up to $150 (per client) should any extra expenses be incurred.
Wyoming Small Business Development Center (WSBDC)
http://uwadmnweb.uwyo.edu/sbdc/
The WSBDC specializes in assisting budding entrepreneurs and small businesses, in developing business strategy and problem-solving. It also conducts training workshops that are tailored to specific business areas and needs.

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