Wyoming Number One For Businesses - KGWN –Cheyenne, WY– Scottsbluff, NE News,Weather, Sports

Wyoming Number One For Businesses

Wyoming typically does well in rankings that rate business friendly states because of it's lack of corporate income tax and personal income tax.

In the recently released ninth edition of the Tax Foundation's State Business Tax Climate Index, Wyoming didn't just do well, it came in at number one.

"Anytime a business, when they look at their bottom line, do not have to concentrate on state taxes then I think that is a benefit. As we've said in years past, that is a tool in our tool kit that is very attractive," said Cheyenne Mayor Rick Kaysen

Data was collected on more than 100 tax provisions from each state and broken down into one score.

The favorable tax climate is great for Wyoming, but Mayor Kaysen pointed out Cheyenne has other advantages over the rest of the state.

"Geographic location, are you near interstate highways for shipping production for receiving products. Of course Cheyenne with dissecting two interstates, ideal location from that standpoint," Kaysen said.

Cost of energy and fiber optic capabilities are other reasons Cheyenne is attractive and has helped it land large projects like the Microsoft data center.