//Cost of Doing Business
Cost of Doing Business 2017-01-24T14:43:39+00:00

Are you looking to start a new business in Sheridan County?

If you are looking to start a new business in Sheridan County, here is some information that will help you get started.

  • The City of Sheridan and Sheridan County DO NOT require businesses to be licensed.
  • Corporations are licensed with the Secretary of State’s office — http://soswy.state.wy.us.
  • Sales tax licenses are obtained through the Wyoming Department of Revenue — http://revenue.state.wy.us.
  • The Small Business Development Center can walk you through starting a business in Sheridan County — http://www.uwyo.edu/sbdc. Sheridan County’s contact is Susan Jerke at (307) 682-5232 or sjerke@uwyo.edu.

We’ve got what your business needs:

  • Location: Sheridan is adjacent to I-90 and just 30 miles from the I-25 interchange
  • Transportation: Air, truck and rail
  • Telecommunications: Excellent state-of-the-art connectivity
  • Utilities: Low utility rates
  • Tax Benefits: Low taxes
  • Labor: Sheridan County has an educated, hard-working, stable, mature workforce, many of whom are under-employed.
  • Low Unemployment: The annual unemployment rate in Sheridan County ranges between 6.0% & 6.5%, adjusted for seasonal employment.
  • Employee Training: Sheridan College partners with local businesses to create training programs. The State of Wyoming Department of Workforce Services provides a number of programs for training funds.
  • Buildings and Sites Available: A commercial business park with airport hangar access is in Stage II of development.

Assistance Programs

Business Ready Community Grant & Loan Program

The Business Ready Communities program can provide financing for publicly owned infrastructure that promotes economic development within Wyoming communities. Projects may include direct job creating projects where a business has committed to locate or expand in a community, buy vermox europe, and community readiness projects where no specific company has committed to expand or locate in a community.

Workforce Development Training Fund

Business Training Grants for Existing Positions can provide up to $2,000 per trainee per fiscal year for established Wyoming businesses with existing employees who need a skill upgrade or retraining in their current occupations.

Business Training Grants for New Positions can provide up to $1,000 and a maximum of $4,000 per trainee per fiscal year, depending on the employees full-time status and wage amount.

Industrial Development Revenue Bonds

Cities and counties may issue tax-exempt industrial development revenue bonds to provide financing for manufacturing and energy generation businesses. These bonds are issued within the State’s IRS allocation of tax-exempt bond financing. The maximum project is $10,000,000 and the business must provide a bank “letter of credit” to guarantee payment of the bonds. Interested businesses must apply for an allocation within the State’s volume cap. The Wyoming Business Council will coordinate this process.

The Wyoming Partnership Challenge Loan Program provides low-interest loans to community development organizations that, in turn, match these funds and make low-interest loans to new and existing businesses. The funds may also be used to purchase participations on loans originated by commercial lenders. Interest rates on these loans are generally fixed for the first five years and may be as low as 5%. The maximum loan amount per business is $250,000. The Wyoming Business Council administers these funds.

Specialized Incentives

Manufacturing Sales Tax Exemption – The sales tax burden is exempt on the sale or lease of machinery to be used in the State of Wyoming directly and predominately in manufacturing tangible personal property.

Sales Tax Exemption on Electricity Used in Manufacturing – The sales tax burden is exempt on sales of power or fuel to a person engaged in the business of manufacturing, processing or agriculture when the same is consumed directly in manufacturing process.

The Wyoming SBIR/STTR Initiative (WSSI) – Offers many services including training, access to mentors, networking and the innovative data, cover proposal development cost and much more.

Wyoming Small Business Development Center –  Professional assistance is available for entrepreneurs at all stages of business, from start-up to exiting.  Some areas of expertise are Start-up Assistance, Retail Inventory, Financial Management, Accounting and Bookkeeping Systems, Risk Management, Business Plan Review, Marketing Plans and Strategies, Financial Health Checkups, Loan Application Reviews, International Trade, Sustainability, Business Valuation Services, Business Operation Analysis, Succession Planning, and Business Tax Consulting.