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Cheyenne Business

Cheyenne WY Business and Economy.

With some of the lowest taxes in the country, Cheyenne offers businesses one of the most attractive pro-business profiles in the nation. Worker's compensation insurance rates in Wyoming are ranked 48th lowest in the nation, and Wyoming is a right-to-work state where unions represent 14% of the employee pool. Cheyenne has some of the lowest fees for building permits, and its utility rates rank among the twenty-five lowest in the nation. Cheyenne is what it is partly because of where it is, near the geographical and time center of the North American continent.

Cheyenne manages a transportation triple play with the intersection of Interstates 80 and 25, two major railroads and the air corridor of the ultramodern Denver International Airport. Cheyenne serves as the northern anchor city of the vibrant Front range region of the Rocky Mountains. Motor freight is big business in Cheyenne with numerous terminals, plentiful warehouse space and a very low fuel tax. Cheyenne's accessibility to nationwide and international markets is legend. California and the Northwest are two days' drive from Cheyenne, such major cities as Chicago, Dallas, Minneapolis, Omaha and Salt Lake City are only one day's drive and Denver is less than two hours away.

An economic Mecca for businesses, Cheyenne's trade area allows businesses to reach a thriving population of 723,000 within a 75 miles radius and 2.3 million within a 150 miles radius. Cheyenne's airport has two excellent general aviation facilities with three runways to accommodate the daily commercial flights and numerous private flights operating from the modern facility. Aircraft as large as DC-10s can land at the Cheyenne airport, which has one of the best safety records in the country, according to the FAA. And the ultramodern Denver International Airport is just a short distance away. Cheyenne offers the necessary framework for success to its businesses. The city provides a state-of-the-art onramp to today's information super-highway, including extensive fiber optics service and data transmission capabilities. A hub for international telecommunications services, Cheyenne is home to a major electronic switching center. The $40 million EchoStar satellite uplink facility provides data communication services and direct broadcasting of digital television programming.

There is a readily available work force of well-educated, willing workers in the Cheyenne area. The unemployment rate is 3%, but a recent survey showed that there are more than 11,000 underemployed people creating an attractive pool of available workers.

The local community college has 4,500 students and other universities, with more than 30,000 students, are within 45 minutes commuting distances. Cheyenne boasts excellent convention facilities for groups as large as 1,500. The Cheyenne-Laramie County Corporation for Economic Development, LEADS, still has plenty of room in their 900-acre industrial/business park with direct access to I-80, where building permits can be obtained within 21 days and attractive incentive packages are available. Elected officials, including the governor pride themselves on being highly accessible to business leaders. The bottom line? Out pro-business policies work in tandem with low energy and labor costs to make Wyoming the least costly place in America to do business. Distance in Miles to Major Cities Denver 100 Salt Lake City 436 Phoenix 941 Seattle 1245 San Francisco 1192 Atlanta 1442 Dallas 861 New York 1754 Los Angeles 1137 Portland 1159 Chicago 981 Taxes The taxes probably form the biggest incentive for business relocation to Cheyenne and Laramie County. There is: No Corporate State Income Tax, Personal State Income Tax, Inventory Tax, sales and use tax on fuel pollution control equipment, power, or raw materials used in manufacturing, goods-in-transit for sale outside. Wyoming residents are exempt from state income tax. The tax on gasoline and diesel fuel is one of the lowest in the nation. Wonderfully low property taxes: 74.50 mills on 9.5% of residential market value. Sales tax in Laramie County is 6% (of which 4% is Wyoming sales tax.)

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