No. 48: Wyoming
Solution Provider 500 Companies: 1
With fewer than 600,000 residents, Wyoming is the most sparsely populated state in the U.S. So, it's no surprise the state is ranked No. 50 in our analysis for business opportunities and No. 48 for growth and innovation potential. The small number of residents also figures into its No. 40 rank in the availability of experienced, educated workers. When you can find people, labor/business costs are low (ranked No. 10), and Wyoming is one of a few states with no corporate income tax. The overall ranking for personal lifestyle/cost of living is excellent (No. 3), thanks in part to the fact Wyoming is one of three states that has no individual income tax. But, tough regulations and high property taxes drop its overall taxes and regulations ranking to No. 30.
One solution provider from the Tech Elite 250 list is based in Wyoming, but there are no Wyoming solution providers on either the Next-Gen 250 or Fast Growth 100 and 50 Up-And-Comers lists.