Main Local Economy Information in Wyoming
Wyoming's economy is heavily dependent on mineral extraction and tourism, with coal, natural gas, and crude oil playing major roles. The state also supports agriculture, particularly in livestock and hay production.
Your Wyoming and Local Small Business Funding Guide
Wyoming offers a variety of economic incentives including tax exemptions, low-interest loans for energy and agricultural businesses, and grants for businesses that enhance local tourism and conservation efforts.
Small Businesses in Wyoming
Small businesses in Wyoming benefit from the state's minimal taxation and supportive policies for industries like energy and agriculture. The business environment favors startups and small enterprises looking to leverage natural resources and tourism.
Documents Needed to Get a Small Business Loan in Wyoming
- Comprehensive business plan focusing on sustainability and local market needs
- Financial statements including profit and loss, balance sheets, and cash forecasts
- Business and personal tax returns
- Proof of business registration in Wyoming
- Credit reports of business owners
Wyoming Department of Commerce: Key Functions and Contact Information
Website URL: Wyoming Business Council
Phone: [307-777-2800]
Address: 214 West 15th Street, Cheyenne, WY 82002
Local Resources in Wyoming
The Wyoming Small Business Development Center (SBDC) offers personalized business advising, funding navigation, and strategic planning services.
How to be Successful with Business Funding in Wyoming
To succeed in securing funding, Wyoming businesses should focus on industries such as energy, tourism, and agriculture, taking advantage of state-specific programs designed to support these sectors.
SBA Resources in Wyoming
The SBA provides resources tailored to Wyoming's economic strengths, offering funding options, disaster recovery loans, and business development programs.