Are you considering relocation to pursue your personal and professional dreams? The United States is a great option with numerous opportunities to receive a top-notch education, grow in your career, and establish a fulfilling lifestyle. However, it is a big and diverse country with a range of factors to consider before making a decision.
To help you thoroughly research your future home, here is not so obvious gem located in the US: the state of Wyoming.
Rich in the cultural heritage of the Wild West, this state and its citizens still cultivate the Cowboy Way – hard work, independence, and determination, which are great traits to succeed in a challenging and unpredictable business environment.
Here is why we consider Wyoming the top state for a rewarding personal and professional life.
Wyoming: The Best State for Business in 2023
🥇 Wyoming has ranked first in the State Business Tax Climate Index for over ten years, which makes it the prime location for entrepreneurs.
Wyoming has one of the most tax-friendly policies. It is one of 7 states where people don’t have to pay income tax, and businesses are not charged corporate income tax. Citizens are obliged to pay a 4% state sales tax, and some local areas may charge an additional sales tax of up to 2%.
The average total sales tax rate in Wyoming is 5.36%, which is below the national average. No wonder Wyoming is the second state with the highest number of billionaires per number of residents in the US!
One of the most significant reasons to launch your business in Wyoming is that it is one of the fastest-growing entrepreneurial hubs in the US. The state offers various programs investing in ventures, innovations, and people.
💰 Here is a few funding opportunities supporting entrepreneurs in Wyoming:
- Innovation Funding & FAST Program: $2.5 billion is offered yearly to support ideas and inventions.
- Wyoming Innovation Partnership: investing $82,8 million with the possibility of extending the fund with an additional $55 million.
- Wyoming Venture Capital Program: investing up to $58.4 million into Wyoming high-growth companies.
- WYVC Funds Strategy: supporting Wyoming entrepreneurs with a capital of $23.4 million.
- Impact 307 Startup Challenges
- Wyoming APEX Accelerator
- Other Financing Assistance for Startups
The prosperous business environment in the US is attributed to its high standard of education. The country is home to some of the most prestigious business schools in the world, famous for their competitive programs shaping successful entrepreneurs.
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Discover Innovative Approaches to Learning
The United States is the world leader in terms of education quality. A degree from a respected American university and various career opportunities waiting for graduates are the main reasons for many international students to pursue their higher education in the US.
Do you have an entrepreneurial spirit and seek to graduate from an innovative business program unlike any other?
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Deadline: June 15, 2023 00:00 GMT-0600
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Eligibility: candidates holding a Bachelor’s Degree with at least 2 years experience and a GPA of 3.00, with a proven entrepreneurial spirit (e.g., have participated in any entrepreneurship competition or had been involved in an entrepreneur venture).
Location: Laramie, WY, the United States
The College of Business at the University of Wyoming has launched the world’s first Venture MBA and is currently accepting applications. This innovative program is for entrepreneurially-minded individuals from all over the world!
- 🥇 The University of Wyoming College of Business is among the top 5% business schools accredited by the AACSB.
- 🥇 US News ranks UW the 2023 best college in Wyoming.
This one-of-a-kind degree is a blend of a traditional MBA program with a mentored experiential learning project focused on innovation.
This program is for entrepreneurially-minded individuals with high moral standards and leadership potential. It aims to develop these skills to equip future leaders to succeed in the business world.
🌍 As an essential part of this program, you will travel abroad and within the US to learn, experience, and develop your international mindset.
Cowboy State not only offers a business-friendly environment and top-notch education but is also a great place to live. Here is why:
In Wyoming, Life is Good
Wyoming is among the top states with the highest GDP per capita at 62,888 USD.
Moreover, it offers a relatively low overall cost of living and is the second most affordable state in terms of utility cost. It is particularly beneficial for households and businesses that require substantial energy input.
Wyoming is ranked 9th in terms of public safety, making it a desirable destination to settle down or establish a business. It also stands out among the top states in terms of infrastructure, public transportation, and the quality of its roads and bridges.
If you plan to purchase a property in the United States, a low property tax of 0.56% is a good reason to consider Wyoming. But it is not only one.
Have you heard of Yellowstone Park? Jackson Hole Mountain Resort? Thermopolis Hot Springs? Keep reading to discover the natural wonders that will make you instantly fall in love with Wyoming!
Experience the True Spirit of the West in the Cowboy State
The famous Cowboy State has a rich history and heritage of the American West. It offers a multitude of opportunities to experience the vibrant cowboy culture of the American West. Rodeos, a hallmark of western entertainment, are held regularly and showcase thrilling events like bull riding and calf roping.
In addition, you can participate in traditional cowboy activities such as horseback riding, cattle drives, and hunting, deeply rooted in the western way of life.
Wyoming is also known as the Equality State because it was the first US location to grant women the inherent right to vote and hold public office, even before it became a state and 50 years earlier than the rest of the nation. To this day, Wyoming stands for equal rights for all.
Wyoming is among the least populated states, leaving plenty of space for the breathtaking natural environment, which is also ranked high in terms of low pollution and good water and air quality compared to the rest of the country.
The biggest natural treasure of Wyoming is Yellowstone Natural Park which spans over 2.2 million acres with an incredible variety of geothermal features, including hot springs, geysers, and mud pots.
The scenic landscapes of Wyoming offer numerous opportunities for exploring new hobbies or nurturing existing ones. Whether it’s hiking, mountain biking, or skiing in world-class resorts like Jackson Hole, there’s no shortage of outdoor activities to enjoy.
🏜️ What is your favorite thing about Wyoming? Would you like to live in the Cowboy State? Let us know in the comments below!
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