Wyoming Ranked #1 With New Business Applications In 2023!

When it comes to new business applications per capita, Wyoming was ranked number one in the country with a whopping 58,807 new business applications being filed in 2023!

Entrepreneurship is booming in the United States. Over the last few years, the number of applications filed to start new businesses has surged. Application numbers doubled in 2020 compared to recent years, and 2021 and 2022 saw over 5 million applications filed, according to the U.S. Census Bureau. The trend only accelerated in 2023, with a record-breaking 5.5 million new business applications filed.

In Wyoming:

• 29.5% change in new business applications filed in December of 2023 as compared to December of 2022
• 2,330 projected business formations within four quarters of 2023
• 4.0% of these applications are projected to become an employer business

Within Wyoming, Sheridan County had the most business applications with 22,389 over the course of the year.

Starting a business is a cornerstone of the American Dream and allows individuals to solve problems, strengthen society, and earn an income. These numbers indicate a positive outlook on the future of business in Wyoming.