With the nation’s “Most Business Friendly Tax Climate,” plus outstanding transportation options, top-ranked broadband connectivity, well-funded public education, safe neighborhoods, and abundant outdoor space and recreation opportunities, Wyoming businesses and people thrive. Compared to other states, Wyoming has a small number of incentive programs, primarily administered by the Wyoming Business Council. Despite this, Wyoming spends significantly more per business establishment than the rest of the nation. The state’s incentive portfolio favors grants and loans for increasing business’ access to capital and workforce development. While Wyoming does not provide tax expenditure information to the public, the state does provide significant amounts of data through its transparency website.
The Wyoming Partnership Challenge Loan Program authorized the State of Wyoming to participate with local economic development organizations in matching loans for the benefit of area businesses.
The Small Business Energy Audit/Retrofit grant is available to small businesses operating in Wyoming to identify cost-effective opportunities to lower energy usage.
The goals of STEP are to increase the number of small businesses that export, increase the value of exports, and increase the number of small businesses exploring significant new trade opportunities.
The 50/50 Financing Program helps businesses requesting debt financing get to their next milestone.
Business Training Grants are available to Wyoming businesses to correct an employee’s skill deficiency or upgrade their skill level in their current occupations.
Rural Community Development grants are microgrants designed to improve the conditions of Rural Wyoming. Grants of up to $2,500 are available.
Subcity empowers small businesses, CPAs, and finance professionals to identify and apply for economic incentives and tax credits. Each year, over $100 billion is allocated for incentives across local, state, and federal programs in the U.S. Unfortunately, a significant portion of this money goes unclaimed or to large corporations with teams of tax attorneys and legal experts.
Subcity utilizes a comprehensive database of incentives to connect small businesses with the programs that were designed to help them create jobs, invest in their communities, and grow their business. Subcity charges a 10-20% fee for the programs they successfully secure, ensuring zero risk for clients as payment is contingent on results. Subcity is on a mission to democratize access to capital for America’s small businesses and has already delivered tens of millions of dollars in tax incentives for clients across the country.