Wyoming

Quick Facts

MattMead_Portrait_2011

Wyoming Governor Matt Meat

 

  • Capital: Cheyenne
  • Population (2012 Est.): 576,412
  • Largest Cities (2012): Cheyenne, 61,537; Casper, 57,813; Laramie, 31,681; Gillette, 31,378
  • Targeted Industries: Warehousing & Distribution, Manufacturing, Tourism, Mining/Energy, Data Center/Digital Industries, Wind/Advanced Energy
  • GDP (All Industry 2012): $38.4 billion*

*Bureau of Economic Analysis, U.S. Department of Commerce

Incentives

WyoRECs™ Renewable Energy Credit Discount Program: WyoRECs is a partnership formed in 2013 between the Wyoming Business Council and Powder River Energy Corporation (PRECorp) to offer discounted renewable energy credits (RECs) to companies interested in taking advantage of green energy to power their growing Wyoming operations.

Data Center Permit Exemption (passed 2011): A mega-data center project, which exceeds $178.3 Million in capital investment, would be exempt from the requirement of applying for an Industrial Siting Permit through the Wyoming Department of Environmental Quality. This presents a cost savings of approximately $500,000 associated with permit application preparation, wildlife studies, economic analyses, public meetings, permit hearings, attorney fees, etc.

FINANCING

Organic Certification Reimbursement Program: Funded by the U.S. Department of Agriculture, in conjunction with the Wyoming Business Council, it is designed to help Wyoming processors with the costs associated in becoming organically certified. Grants are available for Wyoming farms/ranches (organic producers).

Small Business Investment Credit Program: The Wyoming Small Business Investment Credit (SBIC) program is designed to facilitate access to an alternative source of financing for Wyoming small businesses and entrepreneurs.  Through this program, qualified businesses can obtain capital in the form of debt or equity financing.

Farmers Market Promotional Grant: The Wyoming Business Council offers a $400 reimbursable grant for advertising and promotional materials to Wyoming farmers markets that can be used by a local Wyoming government agency, a Wyoming association, a Wyoming nonprofit organization (e.g., Chamber of Commerce) or a Wyoming Producer Association that conducts a farmers’ market.

The Business Ready Community Grant & Loan Program: Can provide financing for publicly owned infrastructure that promotes economic development within Wyoming communities and provides publicly owned infrastructure that facilitates a specific businesses needs. Cities, towns, counties and joint powers boards are the primary applicants for the program. The typical maximum award is $1.5 million with a 10% match.

Community Development Block Grant (CDBG) Program: Administered by the Wyoming Business Council, it provides grants to local governments for community and economic development projects and makes convertible loans based on job creation as well as other tools that may assist businesses.

Industrial Development Revenue Bonds: Cities and counties may issue tax-exempt industrial development revenue bonds to provide financing for manufacturing and energy generation businesses. These bonds are issued within the State’s IRS allocation of tax-exempt bond financing. The business must provide a bank “letter of credit” to guarantee payment of the bonds. Interested businesses must apply for an allocation within the State’s volume cap. The Wyoming Business Council will coordinate this process.

Industrial Development Bonds: The State Treasurer is allowed to purchase industrial development bonds issued by municipalities or counties for the benefit of Wyoming businesses. The bonds may finance purchase, construction and installation of buildings personal property or equipment, which will add economic value to goods, services or resources within the state. The purchase of these bonds is authorized by W.S. 9-4-715 (m).

Wyoming Partnership Challenge Loan Program: The Wyoming Business Council can participate with a local lender on a loan to a business. The State’s portion of the participation maybe up to 35% of the project (maximum $500,000) in a shared note and collateral position with the local lender. Participation can be increased to 50% of the loan or $1,000,000 is the lender has secured a federal guarantee (i.e., SBA, USDA) to guarantee repayment of a loan made to a business.

Small Business Non-Profit Energy Audit Program: A matching grant that provides for a level 2 energy audit up to a maximum of $2,500. A Level 2 Energy Audit will include quantification of energy users and losses through a detailed review and analysis of equipment, systems and operational characteristics. After the energy audit is conducted, the remainder of the grant may be used to pursue energy retrofits identified in the audit. Retrofit and audit funds are up to a maximum total of $5,000 with a 50% reimbursement. Manufacturers may use the audit to qualify for a sales tax abatement on the energy used in the manufacturing process.

Managed Data Center Cost Reduction Grant Program (Passed 2009): It is a $2.25 million maximum grant that can be used to reimburse accrued utility expenses for power and/or broadband over three years. In exchange for providing these reductions in costs, the applicant (a Wyoming city, county, joint powers board) shall contract with the business to receive direct benefits and indirect economic development benefits including any combination of the following: a specific amount of capital investment from business, a specific minimum payroll created by the business, and/or the provision of discounted IT services.

Data Center Infrastructure Grant Funds (passed 2011): A $15,000,000 appropriation to assist Wyoming cities, towns and counties to build necessary public infrastructure for the recruitment and operation of data centers.

MARKETING ASSISTANCE

Sales are directly tied to marketing Wyoming companies’ services and products. The Wyoming Business Council offers help through several programs.

Cooperative Advertising: The Business and Industry Division offers economic development groups and businesses the opportunity to join cooperative advertising in national publications.

Cooperative Marketing Program: The Business Council secures booth space at trade and selling events to share, at minimum cost, with WY businesses and local economic development groups.

Marketing Consulting/Media Training: Consulting and training helps Wyoming businesses fine tune their marketing and public relations efforts to reach their target audience.

Trademark Licensing Program: The Business Council has an agreement with the Secretary of State to use the Bucking Horse and Rider logo.

Trade Show Incentive Grant Program: Encourages state businesses to promote and sell their WY-made products to statewide, national and international audiences with grants to help offset the costs of the trade events. It is a reimbursable grant; and as such, the applicant must pay all expenditures before the grant award can be disbursed. The business shall function independently in performing this activity and shall assume sole responsibility of any debts or liabilities that may be incurred in regard to this trade event.

Wyoming First Program: Assists Wyoming companies with the identification and promotion of their Wyoming-made products and services. Participants can use “Bucking Horse and Rider” design stickers and hang tags and have their companies featured in a catalogue and a Website.

Wyoming Market Research Center (WMRC): Provides low to no cost market information to Wyoming businesses including competitive analysis, marketing lists, custom demographic and psychographic analysis, industry trends, government regulations, geographic information services, marketing material evaluations and original research.

TAX INCENTIVES

Data Center Sales Tax Exemption (originally passed in 2010, amended 2011): Requires a $5 million investment in capital infrastructure (building, walls, engineering, dirt work, etc.) in a Wyoming location in addition to a $2 Million or larger investment in data center equipment (servers, peripheral equipment and data center containers) and software purchases. If these thresholds are met the sales tax burden on the qualifying computer equipment is exempt. This exemption can be applied if the data center invests $2M in equipment a calendar year in the future. In 2011, the Wyoming State Legislature added another tier requiring a $50 million capital infrastructure level. This tier also requires the $2 Million in data center equipment purchases. At this tier the qualifying exempt equipment also includes uninterruptible power supplies (UPS), back-up power generation, specialized heating and air conditioning equipment and air quality control equipment.

Manufacturing Sales Tax Exemption: The sales tax burden is exempt on the sale or lease of machinery to be used in the State of Wyoming directly and predominately in manufacturing tangible personal property.

Sales Tax Exemption on Electricity Used in: The sales tax burden is exempt on sales of power or fuel to a person engaged in the business of manufacturing, processing or agriculture when the same is consumed directly in manufacturing process.

WORKFORCE DEVELOPMENT

Workforce Training Grants (WDTF): Created by the 1997 Wyoming Legislature and administered by the Wyoming Department of Workforce Services, it assists new and existing industries in the state with the training needs of newly hired or current employees. Grants are available for up to $4,000 per trainee.

State Listings

  • Manufacturing-Works(r)

    Nancy F. Fallas
    Business Manager
    Department 3362, 1000 East University Avenue
    Laramie, WY 82071-2000
    P: 307-766-4812
    [email protected]
    www.manufacturing-works.com
  • Wyoming Business Alliance

    Bill Schilling
    President
    145 South Durbin Street, Suite 101
    Casper, WY 82601
    P: 307-577-8000
    [email protected]
    www.wyomingbusinessalliance.com
  • Wyoming Business Council

    Ben Avery
    Director, Business & Industry
    214 West 15th Street
    Cheyenne, WY 82002-0240
    P: 307-777-2863
    [email protected]
    www.wyomingbusiness.org

 

Utility Listings

 

Regional Listings

  • Northeast Wyoming Economic Development Coalition

    Linda Harris
    Executive Director
    201 West Lakeway Road, Suite 903
    Gillette, WY 82718
    P: 307-686-3672
    [email protected]
    www.newedc.com

 

County Listings

  • Campbell County Economic Development Corporation

    Philippe M. Chino
    Executive Director
    2001 West Lakeway Road, Suite C
    Gillette, WY 82717
    P: 307-686-2603
    [email protected]
    www.ccedc.net
  • Carbon County Economic Development Corp.

    Cindy Wallace
    Executive Director
    215 West Buffalo Street, Suite 304
    Rawlins, WY 82301
    P: 307-324-3836
    [email protected]
    www.ccwyed.net
  • Casper Area Economic Development Alliance (CAEDA)

    Bill Edwards
    Economic & Business Developer
    300 South Wolcott Street, Suite 300
    Casper, WY 82601-2468
    P: 307-577-7011
    [email protected]
    www.casperworks.biz
  • Cheyenne LEADS

    Randy Bruns
    CEO
    One Depot Square, 121 West 15th Street, Suite 304
    Cheyenne, WY 82001
    P: 307-638-6000
    [email protected]
    www.cheyenneleads.org
  • Converse Area New Development Organization (CANDO)

    Cindy Porter
    Executive Director
    130 South 3rd Street
    Douglas, WY 82633
    P: 307-358-2000
    [email protected]
    www.candowyoming.com
  • Forward Sheridan, Inc.

    Jay Stender
    Executive Director
    1981 Double Eagle Drive, Unit A
    Sheridan, WY 82801
    P: 307-673-8004, ext. 1000
    [email protected]
    www.forwardsheridan.com
  • Goshen County Economic Development Corp.

    Lisa Johnson
    Executive Director
    110 West 22nd Avenue, P.O. Box 580
    Torrington, WY 82240
    P: 307-532-5162
    [email protected]
    www.goshenwyo.com
  • Improve Niobrara County (INC)

    Jackie Bredthauer
    Executive Director
    P.O. Box 457
    Lusk, WY 82225
    P: 307-334-2950
    [email protected]
    www.luskwyoming.com
  • Laramie Economic Development Corporation

    Dan Furphy
    President & CEO
    800 South Third Street, P.O. Box 1250
    Laramie, WY 82073-1250
    P: 307-742-2212
    [email protected]
    www.laramiewy.org
  • Platte County Economic Development (PCED)

    Dan Brecht
    Director
    P.O. Box 988
    Wheatland, WY 82201
    P: 307-322-4232
    [email protected]
    www.pcedwyo.org
  • South Lincoln County Economic Development Corporation

    Markus Ramsperger
    Director
    P.O. Box 495
    Diamondville, WY 83116
    P: 307-877-9781
    [email protected]
    www.southlincolnedc.org
  • Thermopolis Hot Springs County Economic Development Company (EDC)

    Kendi Heinze
    Executive Director
    420 Broadway
    Thermopolis, WY 82443
    P: 307-864-2348
    [email protected]
    www.thermopolisedc.com
  • Uinta County Economic Development Commission

    Dell Atkinson
    Director
    225 9th Street
    Evanston, WY 82930
    P: 307-783-0378
    [email protected]
    www.uintacounty.com
  • Washakie Development Association

    Le Ann Baker Chenoweth
    Executive Director
    510 South 15th Suite C, P.O. Box 228
    Worland, WY 82401
    P: 307-347-8900
    [email protected]
    www.washakiedevelopment.com

 

City Listings

  • Buffalo Chamber of Commerce

    Angela Jarvis
    Executive Director
    55 North Main Street
    Buffalo, WY 82834
    P: 307-684-5544
    [email protected]
    www.buffalowyo.com
  • City of Evanston Economic Development

    Jim Davis
    Director of Administrative Services
    1200 Main St.
    Evanston, WY 82930
    P: 307-783-6309
    [email protected]
    www.evanstonwy.org
  • City of Rawlins

    Amy L. Bach
    Director, Community Development
    521 West Cedar Street
    Rawlins, WY 82301
    P: 307-328-4500, ext. 1015
    [email protected]
    www.rawlins-wyoming.com
  • Cody Country Chamber of Commerce

    Scott Balyo
    Executive Director
    836 Sheridan Ave.
    Cody, WY 82414
    P: 307-587-2777, ext. 201
    [email protected]
    www.codychamber.org
  • Glenrock Economic Development Corporation

    Mary Cannady
    President
    P.O. Box 313
    Glenrock, WY 82637
    P: 307-436-9432
    [email protected]
    www.gedcwyoming.com
  • Green River Futures

    Brad Sutherland
    President
    P.O. Box 130
    Green River, WY 82935
    P: 307-871-1941
    [email protected]
    www.greenriverfutures.com
  • IDEA, Inc. (Economic Development for Riverton Wyoming)

    Phil Christopherson
    Executive Director
    213 West Main Street, Suite C
    Riverton, WY 82501
    P: 307-856-0952
    [email protected]
    www.rivertonidea.com
  • Lander Chamber of Commerce

    Scott Goetz
    Executive Director
    160 N. 1st
    Lander, WY 82520
    P: 307-332-3892
    [email protected]
    www.landerchamber.org
  • Lander Economic Development

    Gary Michaud
    Community Resource Coordinator
    240 Lincoln Street
    Lander, WY 82520
    P: 307-332-2870
    [email protected]
    www.landerwyoming.org
  • Powell Valley Chamber of Commerce

    Jaime Schmeiser
    Executive Director
    111 South Day, P.O. Box 1258
    Powell, WY 82435
    P: 307-754-3494, ext. 12
    [email protected]
    www.powellchamber.org
  • Rock Springs Chamber of Commerce

    Dave Hanks
    CEO
    1897 Dewar Drive, P.O. Box 398
    Rock Springs, WY 82901
    P: 307-362-3771
    rschamber@sweetwaterhsa.[email protected]
    www.rockspringswyoming.net
  • Town of Chugwater

    Anja Bendel
    Economic Development
    P.O. Box 243
    Chugwater, WY 82210
    P: 307-331-0012
    [email protected]
    www.chugwater.com
  • Town of Dubois

    Bobbie Sue Carroll
    Director
    P.O. Box 632
    Dubois, WY 82513
    P: 307-455-2556
    [email protected]
    www.duboiswyoming.org
  • Town of Wright

    Brandi Beecher
    Economic Development Coordinator
    P.O. Box 70, 201 Wright Boulevard
    Wright, WY 82732
    P: 307-670-5549
    [email protected]
    www.wrightwyoming.com