This month, we take you to the western mountain region of our country. Wyoming’s natural beauty and mountain ranges offer a sense of adventure, and perhaps a sense of rugged courage that surrounds you with the Western spirit. Popularly known as “The Equality State” and “The Cowboy State”, Wyoming is the least populous state and the 10th largest state by area in the country. The state is also the 2nd most sparsely populated after Alaska. It was named after a Native American word “mscheweamiing” meaning “at the big flats” or “Large Plains.”

Business Climate

Wyoming’s economy has some unique differences when compared to that of other US states. The state’s mining, tourism and agriculture industries serve as an important economic and cultural aspect of the economy. The majority of the residents in Wyoming still make their living from farming and ranching, which makes agriculture an important source of income for the locals. Some important agricultural commodities include livestock, hay, barley, wheat, sugar beets and wool.

Wyoming has been recognized as the top coal-producing state with the largest coal resources in the country. Extracting minerals like coal, oil, gas, crude oil and trona is one of the major economic drivers in the state. The state provides about 40% of the nation’s coal through the top producing mines located in the Powder River Basin. The extracted coal is considered clean and contributes to the betterment of the environment.
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