General Incentives

NO Corporate State Income Tax!
NO Personal State Income Tax!

Business Ready Community Grant & Loan Program –
Business Committed Program

The Business Ready Communities program can provide financing for publicly owned infrastructure that promotes economic development within Wyoming communities. 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. Publicly owned infrastructure that facilitates a specific businesses needs

Visit our Business Ready Community Program page

Workforce Development Training Fund

Business Training Grants for Existing Positions can provide up to $2,000 per trainee per fiscal year for established Wyoming businesses with existing employees who need a skill upgrade or retraining in their current occupations.

Business Training Grants for New Positions can provide between $1,000 and a maximum of $4,000 per trainee per fiscal year, depending on the employee's full‐time status and wage amount. Grants for New Positions were developed to assist Wyoming businesses in two ways: Wyoming Business Expansion and New Business Recruitment. The Pre‐Hire Economic Development Grant Program is designed to train skilled workers in a particular business, businesses, or industry. Applications are completed through a partnering of four entities that contribute separate needs or services to the program.

The WDTF is administered by the Wyoming Department of Workforce Services, application forms are available at: www.wyomingworkforce.org/wdtf.

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 maximum project is $600,000,000 and 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.

Visit our Industrial Development Revenue Bonds page

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.

Visit our Challenge Loan Program page

Specialized Incentives

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 Manufacturing

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.

Managed Data Center Cost Reduction Grant Program

Is a $2.25 Million maximum grant that can be used to reimburse accrued utility expenses for power or broadband over 3 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 a specific amount of capital investment from business, specific minimum payroll created by the business, the provision of discounted IT services. The grant amount is based on how much capital investment and payroll the business will realize over five years. For each grant amount, the business must create a match of at least 125% of the grant amount in payroll and capital expenditure with the caveat that 50% of the match will be in payroll creation. Payroll must be greater than 150% of the county's median wage.

Visit our Managed Data Center Cost Reduction Grant Program page

Data Center Sales Tax Exemption

This 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 uninterruptable power supplies (UPS), back‐up power generation, specialized heating and air conditioning equipment and air quality control equipment.