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Doing Business
Photograph courtesy of Rocky Mountain Power.
Why do business in Carbon County?
Whether expanding or relocating your business, Carbon County provides a stable environment for businesses to thrive.
No Personal or Corporate Tax and Low Sales Tax
In addition to no personal or corporate taxes, there are no inventory taxes, no franchise tax, no occupation tax and no value-added tax. Wyoming also does not impose a tax on intangible assets such as bank accounts, stocks, or bonds either.
Wyoming sales tax rate is 4% statewide with Carbon County electing up to 2% additional for a total of 6%.
Incentives
The CCEDC provides access to incentives for start-ups and expanding businesses, including financing options such as the Business Ready Community (BRC) grant, the SBIR Matching Grant Program, Kickstart Grant Program, and financial incentives. The Wyoming Community Development Authority (WCDA) provides low-interest loans and grants, particularly focusing on housing finance.
Wyoming also offers a Manufacturing Sales Tax Exemption and Sales Tax Exemption on electricity, natural gas, and water used in qualifying production activities.
Transportation & Logistics
Interstate 80 and a large network of state highways and county roads allow travel, tourism and commerce to move throughout the county. These corridors also transport oil, gas and agricultural products across the county and state.
874 miles of the Union Pacific Railroad stretch across Wyoming and through Carbon County, transporting coal, fertilizer, soda ash, sodium products, stone and gravel.
Carbon County is served by 4 public, non-commercial airports: Rawlins Municipal Airport, Shively Field, Dixon Airport, and the Medicine Bow Airport.
Low Property Taxes
Wyoming has among the lowest property taxes in the United States. In Carbon County, assessment ratios are currently 11.5% for industrial property and 9.5% for commercial and residential property. A complete explanation of how property tax is calculated is available from the Carbon County Commissioners.
Workforce
The current labor force in Carbon County is 5,853, with a 3.6% unemployment rate. Households in Carbon County earn a median yearly income of $70,696.
Carbon County has a total of 453 businesses. The majority of jobs are within the Public Administration, Accommodation and Food Services, Education and Health Care and Social Services industries. Wyoming Department of Workforce Services can assist with employment and training needs.
Healthcare and Social Services
There are 47 healthcare establishments in Carbon County. Memorial Hospital of Carbon County is the largest employer with a 25-bed critical access hospital located in Rawlins and satellite clinics in Rawlins, Saratoga, and Hanna.
The North Platte Valley Medical Center, completed in 2023, provides another 25 beds for acute care and long-term care.
Education & Training
The Carbon County Higher Education Center partners with Carbon County School District #1 and Western Wyoming Community College to offer college-level classes, basic adult education, vocational training, and community enrichment opportunities for all ages.
Little Snake River Valley Community Education Center in Baggs, WY, is an outreach location for the CCHEC.
Public Land
Carbon County is the third largest county in Wyoming, spanning 7,964 miles. 53% of the land is publicly owned, offering opportunities for everything from outdoor recreation, scenic drives and wildlife viewing to livestock grazing and oil, gas and wind energy development.
County Demographics
The population of Carbon County, Wyoming is largely rural, with about half of the population living in ten incorporated towns.
Rawlins
Population: 7,748
Labor Force: 3,267
Bachelor’s Degree: 12.5%
Household Income: $74,185
Saratoga
Population: 1,682
Labor Force: 777
Bachelor’s Degree: 23.27%
Household Income: $81,304
Hanna
Population: 679
Labor Force: 261
Bachelor’s Degree: 15.64%
Household Income: $55,366
Encampment
Population: 456
Labor Force: 160
Bachelor’s Degree: 22.54%
Household Income: $47,991
Baggs
Population: 399
Labor Force: 93
Bachelor’s Degree: 12.79%
Household Income: $77,733
Sinclair
Population: 357
Labor Force: 169
Bachelor’s Degree: 19.68%
Household Income: $91,249
Medicine Bow
Population: 254
Labor Force: 99
Bachelor’s Degree: 17.74%
Household Income: $52,499
Elk Mountain
Population: 151
Labor Force: 57
Bachelor’s Degree: 28.57%
Household Income: $68,234
Dixon
Population: 78
Labor Force: 18
Bachelor’s Degree: 13.33%
Household Income: $77,733
Riverside
Population: 73
Labor Force: 26
Bachelor’s Degree: 31.58%
Household Income: $47,991
Full Circle Development
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Carbon County is an ideal destination for business!
Whether you are expanding or relocating, we are here to help. See what we can do for you.
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