Small Business Incentive Programs in Wyoming

Agency: Wyoming Business Council

This federal program administered by the Wyoming Business Council provides funding for business development projects that create jobs for low to moderate income individuals. The program supports equipment purchases, facility improvements, and working capital needs that directly lead to job creation or retention in smaller Wyoming communities.

Agency: USDA Rural Development - Wyoming

Federal funding specifically targeted at rural business development in Wyoming communities. This program supports business expansion, equipment purchases, and facility development projects that create sustainable employment opportunities. The grants can cover up to 50% of eligible project costs and are particularly valuable for agricultural and value-added processing businesses.

Agency: State Loan and Investment Board

Funded by Wyoming's mineral severance tax revenues, this program supports economic diversification projects throughout the state. The grants are designed to help businesses that can reduce Wyoming's dependence on mineral extraction while creating sustainable employment opportunities. Projects must demonstrate clear economic development benefits and job creation potential.

Agency: U.S. Small Business Administration - Wyoming District

These programs provide small loans and technical assistance to very small businesses that might not qualify for traditional bank financing. Microlenders in Wyoming work with the SBA to provide loans up to $50,000 with flexible terms and often include business counseling services to help ensure loan success and business growth.

Agency: Wyoming Office of Tourism

This state-funded program supports tourism marketing initiatives and infrastructure improvements that attract visitors to Wyoming. Grants can fund promotional campaigns, signage, facility improvements, and events that enhance Wyoming's tourism appeal. The program prioritizes projects that demonstrate clear visitor attraction benefits and measurable economic impact on local communities.

Wyoming Sales Tax Exemption for Manufacturing Equipment

Wyoming provides sales tax exemptions for machinery and equipment used directly in manufacturing processes. This includes production equipment, pollution control equipment, and certain computer software used in manufacturing operations.

Eligibility: Manufacturing businesses that use equipment directly in the production process and can demonstrate manufacturing activities under Wyoming tax code definitions.

Wyoming Property Tax Exemptions for Certain Business Personal Property

Wyoming offers property tax exemptions for certain categories of business personal property, including inventory held for resale and specific types of manufacturing equipment. The exemptions vary by county and type of property.

Eligibility: Businesses that own qualifying personal property as defined by Wyoming statutes and local county assessor guidelines.

Wyoming Telecommunications Infrastructure Tax Credit

Businesses that invest in qualifying telecommunications infrastructure projects in Wyoming may be eligible for state tax credits. This incentive supports broadband expansion and digital infrastructure development throughout the state.

Eligibility: Companies making qualifying telecommunications infrastructure investments in underserved areas of Wyoming that meet specific technical and geographic requirements.