13. Wyoming (tie)

The Cowboy State is luring businesses with its strong workforce and solid education, but access to capital is still a big issue.

Top States Wyoming
Source: George Kavallines
Category
Score
2016 Rank
2015 Rank
Workforce 268 6 34
Cost of Doing Business 209 21 20
Infrastructure 208 12 4
Economy 212 14 23
Quality of Life 221 11 17 (Tie)
Technology & Innovation 56 48 49
Education 144 3 8
Business Friendliness 83 21 19 (Tie)
Cost of Living 33 29 18
Access to Capital 1 50 50
Overall 1435 13 18

Economic Profile

Governor: Matt Mead, Republican

Population: 586,107

GDP growth: 0.4 percent

Unemployment rate (May 2016): 5.6 percent

Top corporate tax rate: None

Top individual income tax rate: None

Gasoline tax: 42.40 cents/gallon

Bond rating/outlook: No general obligation debt

Major private employers: Rio Tinto Energy America, Cloud Peak Energy

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, S&P Global Market Intelligence

Latest Special Reports

  • Between new federal tax bill changes and underutilized deductions, CNBC finds ways to save money while filing taxes.

  • Coverage of the World Economic Forum’s annual meeting in Davos, Switzerland.

  • To turn the page on structural racism, communities are Changing The Narrative. In this series, CNBC explores the central themes of racial healing through stories addressing implicit bias in economic data, the major obstacles to racial equity at work, how fiscal investment can change the narrative on minority entrepreneurship and the ramifications of the great resignation in the Black community.