Some of the biggest industries in Wyoming include the mineral extraction and tourism industry.Â
Wyoming’s economy is largely driven by the extraction of minerals such as oil, coal and natural gas. The large amount of revenue derived from this industry has allowed Wyoming to implement zero taxes on income. Hence, it may be profitable to start a business that improves mining and drilling techniques to facilitate mineral extraction.Â
Another important sector is tourism. Specifically, the travel and hospitality industry is the second largest in Wyoming. In 2018, tourism spending accounted for US$ 3.8 billion of in-state expenditure. Setting up a business in the tourism sector may hence be profitable.