Biggins Lacy Shapiro & Company, LLC

Wyoming Economic Development Incentive Programs

GRANTS

Business Ready Community Grant and Loan Program: Cities, towns, counties, and joint powers boards are eligible to receive grants and loans to stimulate economic development at the local level. The typical maximum award is $3 million. These incentives can be used for public infrastructure projects in which a business is committed to locate or expand in the community. Infrastructure’s definition frequently includes facilities occupied by expanding or relocating companies. Grants and loans can also be made available for projects in which a community wants to build facilities or install infrastructure to prepare for new business development under a specific strategy or plan of action.

Managed Data Center Cost Reduction Grant: Through the Business Ready Communities Grant and Loan Program, a data center operator can be reimbursed for electrical and broadband cost by the state of Wyoming. The grant award maximum is $2.25 million, over a three-year period. Match is based on award amount and varies with wages paid by the operator.

Workforce Development Training Fund: The State provides two major types of training grants, the Business Training Grants and the Pre-Hire Economic Development Grants. The Business Training Grants provide opportunities for Wyoming’s new or existing businesses to create new jobs or to complete necessary skill upgrades to stay competitive. The State may award a grant of up to $4,000 per trainee. The Pre-Hire Economic Development Grants provide pre-employment, industry-specific skills training to develop a work force for businesses or industry when there is a shortage of skilled workers.

TAX EXEMPTIONS

Manufacturing Sales Tax Exemption: Fuel for transporters and fuel or power consumed directly in manufacturing or processing is exempt from sales tax. The lease or sale of manufacturing machinery used directly and predominately in the manufacturing process is also exempt from sales/use tax.

Data Center Sales Tax Exemption: for Data Centers with $5 Million investment in capital infrastructure, and an additional $2 Million in data center equipment and software purchases. At $50 Million investment in capital infrastructure, HVAC and UPS system purchases are also sales tax exempt.

Property Tax Exemption: Personal property in transit in interstate commerce, as well as goods manufactured or assembled in Wyoming when the final destination is out of state, is exempt from property tax. Pollution-control equipment is exempt from property tax.

Last updated: June 2018



 
Biggins Lacy Shapiro & Company, LLC
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