Lovell
has many key ingredients in place to make significant, positive changes
for the future.
Business infrastructure in place and ready to evolve to meet future
needs; easily accessible
business support systems; recently adopted Master Plan; full-time economic
development
staff; and renewed downtown revitalization efforts. The people involved
include government
leaders who are very progressive thinking; long-term business owners
who are willing to
listen to new ideas; new business owners who bring an added level of
enthusiasm; and
residents who have long been and continue to be active and passionate
volunteers. Plus the
natural amenities are among the best anywhere.
We invite you to become part of our exciting future.
Key benefits to operating a business in the Lovell area:
• No corporate state income tax
• No personal state income tax
• No inventory tax
• No franchise tax
• Favorable Incorporation laws
• Low energy costs
• Low operating costs
• Low property taxes
• Educated workforce
• Strong work ethic
• Effective workforce development programs
• High education standards
• Safe community
• Progressive government leaders
• Outstanding quality of life
Wyoming’s largest source of revenue is
mineral extraction, followed by tourism. This translates
into one of the lowest tax burdens for residents and businesses in
the country.
Wyoming Top 5 Rankings:
#1 for the best state tax climate (Tax Foundation’s State Business Tax
Climate Index – 2003-2008)
#1 rank for small business (U.S. News & World Report)
#1 (tie) in terms of economic vitality (American City Business Journals 2005)
#1 in the nation in coal production, coal reserves, uranium source, soda ash
production and bentonite production
Top state for pro-business taxes (Reuters)
#2 ranked state for highest percent of people 25 and older that completed
high school at 90.7 percent
#3 rated for states that love small business (Fortune Small Business)
#3 best state for small business and entrepreneurship (Small Business &
Entrepreneurship Council 2005 and 2006)
#3 in the nation for natural gas reserves
#5 in the nation for pro-business policies (Pollina Corporate Real Estate,
Inc Study)
#5 in the nation in natural gas production |
