trends_flag Research and Planning r_and_p Department of Workforce Services State of Wyoming
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New Business Formation Increases in Wyoming
in 2010 and 2011 (Tables and Figures)

by: Sherry Wen, Senior Economist

See Related Article

Tables 1, 2, 3, 4, 5, 6
Figures 1, 2, 3, 4, 5, 6

 

 

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Table 1: Total Number of New Firms, Associated Initial Jobsa, and Wages by Region and County in Wyoming, 2010 to 2011
Region and County 2010 2011
New Firms Initial Jobs Total Wages New Firms Initial Jobs Total Wages
N % N % N % N % N % N %
Northwest 285 14.7% 873 11.2% $15,553,010 9.1% 258 13.0% 809 11.6% $14,460,432 10.2%
Big Horn 28 1.4% 75 1.0% $1,087,524 0.6% 22 1.1% 74 1.1% $1,405,526 1.0%
Fremont 109 5.6% 385 4.9% $7,761,922 4.5% 105 5.3% 404 5.8% $8,214,670 5.8%
Hot Springs 15 0.8% 39 0.5% $309,266 0.2% 16 0.8% 51 0.7% $534,196 0.4%
Park 102 5.2% 301 3.9% $5,423,437 3.2% 95 4.8% 214 3.1% $3,739,435 2.6%
Washakie 31 1.6% 73 0.9% $970,861 0.6% 20 1.0% 66 0.9% $566,605 0.4%
Northeast 321 16.5% 1,525 19.5% $46,220,847 27.1% 304 15.3% 997 14.3% $23,734,290 16.8%
Campbell 152 7.8% 885 11.3% $37,313,986 21.9% 123 6.2% 596 8.5% $16,271,352 11.5%
Crook 14 0.7% 37 0.5% $605,501 0.4% 22 1.1% 46 0.7% $732,232 0.5%
Johnson 31 1.6% 103 1.3% $1,123,440 0.7% 40 2.0% 80 1.1% $1,120,807 0.8%
Sheridan 107 5.5% 451 5.8% $6,637,668 3.9% 111 5.6% 264 3.8% $5,344,153 3.8%
Weston 17 0.9% 49 0.6% $540,252 0.3% 8 0.4% 11 0.2% $265,746 0.2%
Southwest 495 25.4% 1,788 22.9% $36,763,916 21.5% 511 25.7% 1,636 23.4% $34,315,892 24.3%
Lincoln 64 3.3% 190 2.4% $3,176,579 1.9% 80 4.0% 225 3.2% $3,000,258 2.1%
Sublette 49 2.5% 208 2.7% $2,962,779 1.7% 51 2.6% 193 2.8% $3,788,857 2.7%
Sweetwater 121 6.2% 574 7.4% $10,483,518 6.1% 129 6.5% 421 6.0% $7,971,725 5.6%
Teton 206 10.6% 562 7.2% $16,765,722 9.8% 184 9.3% 447 6.4% $14,221,050 10.1%
Uinta 55 2.8% 254 3.3% $3,375,318 2.0% 67 3.4% 350 5.0% $5,334,002 3.8%
Southeast 468 24.1% 1,690 21.7% $35,090,523 20.6% 476 24.0% 1,388 19.9% $24,860,381 17.6%
Albany 68 3.5% 391 5.0% $3,594,306 2.1% 87 4.4% 259 3.7% $4,028,050 2.8%
Goshen 32 1.6% 85 1.1% $1,002,600 0.6% 38 1.9% 162 2.3% $1,938,842 1.4%
Laramie 328 16.9% 1,114 14.3% $29,364,128 17.2% 314 15.8% 886 12.7% $18,003,491 12.7%
Niobrara 6 0.3% 11 0.1% $221,721 0.1% 14 0.7% 33 0.5% $342,621 0.2%
Platte 34 1.7% 89 1.1% $907,768 0.5% 23 1.2% 48 0.7% $547,377 0.4%
Central 302 15.5% 1,408 18.0% $27,159,094 15.9% 345 17.4% 1,562 22.3% $32,046,559 22.7%
Carbon 54 2.8% 430 5.5% $7,223,016 4.2% 39 2.0% 148 2.1% $2,609,843 1.8%
Converse 39 2.0% 249 3.2% $3,645,386 2.1% 55 2.8% 253 3.6% $4,086,397 2.9%
Natrona 209 10.7% 729 9.3% $16,290,692 9.5% 251 12.6% 1,161 16.6% $25,350,319 17.9%
Othersb 74 3.8% 517 6.6% $9,811,125 5.8% 93 4.7% 599 8.6% $11,948,928 8.5%
Statewide 1,945 100.0% 7,801 100.0% $170,598,515 100.0% 1,987 100.0% 6,991 100.0% $141,366,482 100.0%
 
aInitial Jobs represent the starting level employment, which is the highest average quarterly employment during the first two quarters a firm is in business.
bOthers include all firms missing county information, having more than one county location (multi-county firms), having a foreign location, and out-of-state firms.

 

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Table 2: Total Number of New Firms, Associated Initial Jobs, and Wages by Industry in Wyoming, 2010 to 2011
Industry 2010 2011
New Firms Initial Jobs Total Wages New Firms Initial Jobs Total Wages
N % N % N % N % N % N %
Agriculture 30 1.5% 108 1.4% $1,480,093 0.9% 41 2.1% 118 1.7% $2,399,597 1.7%
Mining 78 4.0% 330 4.2% $11,870,005 7.0% 86 4.3% 512 7.3% $19,750,164 14.0%
Utilities 4 0.2% 5 0.1% $319,059 0.2% 3 0.2% 8 0.1% $97,027 0.1%
Construction 359 18.5% 1,952 25.0% $52,733,663 30.9% 310 15.6% 1,480 21.2% $25,915,575 18.3%
Manufacturing 30 1.5% 111 1.4% $1,489,763 0.9% 40 2.0% 101 1.4% $1,962,663 1.4%
Wholesale Trade 85 4.4% 201 2.6% $17,465,163 10.2% 90 4.5% 149 2.1% $4,132,687 2.9%
Retail Trade 104 5.3% 319 4.1% $2,374,876 1.4% 96 4.8% 339 4.8% $3,659,525 2.6%
Transp. & Warehousing 81 4.2% 210 2.7% $4,182,423 2.5% 120 6.0% 286 4.1% $7,976,960 5.6%
Information 21 1.1% 91 1.2% $2,469,069 1.4% 27 1.4% 33 0.5% $1,028,848 0.7%
Finance & Insurance 93 4.8% 84 1.1% $2,754,161 1.6% 79 4.0% 76 1.1% $4,767,967 3.4%
Real Estate & Rental & Leasing 82 4.2% 153 2.0% $3,598,472 2.1% 64 3.2% 104 1.5% $6,459,666 4.6%
Prof. & Technical Services 288 14.8% 487 6.2% $15,468,164 9.1% 299 15.0% 520 7.4% $20,029,883 14.2%
Mgmt.of Companies & Enterprises 7 0.4% 15 0.2% $3,618,655 2.1% 6 0.3% 26 0.4% $2,067,689 1.5%
Admin. & Waste Services 171 8.8% 593 7.6% $7,627,966 4.5% 175 8.8% 639 9.1% $13,784,372 9.8%
Educational Services 33 1.7% 66 0.8% $636,809 0.4% 29 1.5% 56 0.8% $803,150 0.6%
Health Care & Social Asst. 128 6.6% 805 10.3% $23,986,659 14.1% 134 6.7% 647 9.3% $13,229,930 9.4%
Arts, Ent., & Recreation 20 1.0% 175 2.2% $1,096,021 0.6% 30 1.5% 137 2.0% $820,157 0.6%
Accommodation & Food Services 137 7.0% 1,678 21.5% $12,062,654 7.1% 141 7.1% 1,370 19.6% $7,107,042 5.0%
Other Services 191 9.8% 385 4.9% $3,959,600 2.3% 212 10.7% 382 5.5% $5,139,818 3.6%
Government 3 0.2% 33 0.4% $1,405,240 0.8% 5 0.3% 8 0.1% $233,762 0.2%
Total 1,945 100.0% 7,801 100.0% $170,598,515 100.0% 1,987 100.0% 6,991 100.0% $141,366,482 100.0%

 

 

Table 3: Wyoming New Firms by Industry and Region, 2010 and 2011
Industry Region Shares of Industry Total (Row Percent) Statewide Total
Northwest Northeast Southwest Southeast Central Other* N %
Agriculture 23.9% 28.2% 16.9% 25.4% 5.6% 0.0% 71 1.8%
Mining 9.8% 22.6% 21.3% 11.6% 26.8% 7.9% 164 4.2%
Utilities N/A N/A N/A N/A N/A N/A 7 0.2%
Construction 13.3% 19.4% 21.1% 25.4% 16.1% 4.6% 669 17.0%
Manufacturing 18.6% 24.3% 24.3% 17.1% 12.9% 2.9% 70 1.8%
Wholesale Trade 13.1% 17.7% 20.6% 19.4% 22.3% 6.9% 175 4.5%
Retail Trade 11.0% 18.5% 33.0% 22.0% 13.5% 2.0% 200 5.1%
Transportation & Warehousing 15.9% 12.9% 27.9% 19.4% 20.4% 3.5% 201 5.1%
Information 14.6% 4.2% 29.2% 22.9% 10.4% 18.8% 48 1.2%
Finance & Insurance 8.1% 3.5% 41.3% 27.3% 10.5% 9.3% 172 4.4%
Real Estate & Rental & Leasing 9.6% 16.4% 28.8% 25.3% 19.9% 0.0% 146 3.7%
Professional & Technical Services 14.1% 10.2% 23.5% 29.8% 17.4% 4.9% 587 14.9%
Mgmt.of Companies & Enterprises 7.7% 38.5% 23.1% 23.1% 7.7% 0.0% 13 0.3%
Administrative & Waste Services 9.2% 14.5% 23.1% 30.1% 15.0% 8.1% 346 8.8%
Educational Services 12.9% 12.9% 22.6% 32.3% 12.9% 6.5% 62 1.6%
Health Care & Social Assistance 19.1% 17.2% 20.2% 25.2% 17.2% 1.1% 262 6.7%
Arts, Entertainment, & Recreation 12.0% 10.0% 46.0% 12.0% 18.0% 2.0% 50 1.3%
Accommodation & Food Services 21.2% 13.3% 29.1% 18.3% 16.9% 1.1% 278 7.1%
Other Services 13.9% 19.9% 30.3% 20.8% 14.4% 0.7% 403 10.2%
Government N/A N/A N/A N/A N/A N/A 8 0.2%
Total 13.8% 15.9% 25.6% 24.0% 16.5% 4.2% 3,932 100.0%
 
*Other includes all firms missing county information, having more than one county location (multi-county firms), having a foreign location, and out-of-state firms.
N/A = not available due to confidentiality requirement.

 

 

Table 4: New Business Formation Rates in the Private Sector by Industry in Wyoming, 2000 to 2011
Industry 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Agriculture 8.8% 10.7% 8.0% 8.0% 7.7% 7.6% 8.6% 7.0% 7.2% 8.4% 6.7% 8.9%
Mining 13.4% 19.2% 10.2% 10.4% 10.9% 11.0% 13.6% 9.3% 9.0% 5.8% 6.9% 7.6%
Utilities 4.3% 2.2% 3.2% 8.2% 1.0% 3.1% 3.0% 4.0% 3.8% 1.7% 3.3% 2.5%
Construction 13.6% 12.7% 14.0% 12.2% 13.2% 13.5% 15.7% 16.0% 12.8% 10.2% 9.5% 8.6%
Manufacturing 9.8% 9.2% 7.0% 8.5% 5.1% 7.7% 8.6% 8.5% 5.0% 5.7% 5.0% 6.6%
Wholesale Trade 10.6% 11.5% 7.7% 8.6% 9.2% 10.4% 9.0% 8.6% 7.1% 5.5% 6.7% 7.0%
Retail Trade 6.0% 5.7% 6.0% 6.4% 5.6% 5.8% 4.5% 5.1% 4.8% 3.2% 4.1% 3.8%
Transportation & Warehousing 13.7% 11.4% 13.9% 10.8% 12.0% 14.5% 14.1% 12.1% 13.6% 8.4% 8.2% 11.8%
Information 9.8% 9.5% 7.2% 5.4% 7.6% 6.9% 7.8% 5.8% 6.7% 6.3% 5.8% 7.5%
Finance & Insurance 8.6% 6.3% 7.2% 7.3% 6.2% 8.1% 7.3% 8.0% 7.0% 6.5% 8.3% 7.0%
Real Estate & Rental & Leasing 9.7% 8.4% 9.1% 8.8% 10.0% 11.3% 8.6% 9.1% 8.6% 5.5% 7.8% 6.1%
Professional & Technical Services 11.6% 13.6% 10.8% 11.4% 14.1% 13.6% 13.4% 12.9% 12.6% 9.7% 11.5% 11.6%
Mgmt.of Companies & Enterprises 14.3% 9.9% 12.5% 17.9% 16.7% 11.9% 11.6% 6.0% 7.1% 8.0% 5.3% 4.6%
Administrative & Waste Services 17.7% 14.4% 14.4% 13.4% 15.9% 12.5% 13.4% 14.4% 15.3% 13.8% 12.3% 12.3%
Educational Services 15.3% 13.2% 23.3% 20.0% 14.6% 14.4% 15.1% 17.6% 9.8% 15.1% 17.1% 13.9%
Health Care & Social Assistance 6.2% 7.3% 8.3% 7.2% 8.1% 8.2% 7.7% 7.3% 7.9% 8.6% 7.0% 7.2%
Arts, Entertainment, & Recreation 8.0% 9.2% 7.5% 6.9% 10.6% 9.1% 4.5% 6.4% 7.5% 6.0% 5.1% 7.6%
Accommodation & Food Services 7.9% 8.0% 7.0% 7.0% 7.7% 7.2% 7.6% 7.0% 5.8% 5.9% 7.4% 7.5%
Other Services 10.3% 11.2% 8.9% 10.1% 9.4% 9.7% 10.6% 11.0% 10.9% 8.2% 11.1% 11.8%
Total 10.3% 10.4% 9.7% 9.4% 10.0% 10.2% 10.4% 10.2% 9.5% 7.8% 8.3% 8.4%

 

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Table 5: New Business Survival Rates in the Private Sector by Industry in Wyoming

Industry

One Year

Two Year

Three Year

Four Year

Five Year

10 Year

Agriculture

78.2%

68.2%

60.4%

54.3%

49.9%

33.8%

Mining

73.4%

60.6%

50.4%

44.8%

39.2%

21.0%

Utilities

71.9%

59.0%

57.9%

54.7%

55.1%

40.0%

Construction

57.6%

44.0%

36.0%

29.7%

25.9%

14.0%

Manufacturing

72.6%

60.1%

51.1%

45.8%

39.7%

21.8%

Wholesale Trade

73.8%

57.0%

46.7%

39.1%

33.7%

17.5%

Retail Trade

74.5%

59.6%

49.2%

42.1%

35.1%

17.9%

Transportation & Warehousing

68.0%

54.3%

44.1%

37.1%

32.5%

17.9%

Information

66.2%

51.5%

44.2%

37.1%

31.1%

13.4%

Finance & Insurance

69.0%

56.9%

47.3%

41.8%

38.4%

24.5%

Real Estate & Rental & Leasing

76.5%

65.3%

56.9%

50.6%

45.9%

29.4%

Professional & Technical Services

71.6%

57.8%

48.2%

42.1%

37.0%

21.7%

Mgmt.of Companies & Enterprises

76.0%

59.9%

55.1%

43.7%

39.1%

29.3%

Administrative & Waste Services

63.7%

51.1%

40.9%

33.7%

28.5%

15.9%

Educational Services

72.7%

60.5%

52.3%

43.6%

36.0%

17.9%

Health Care & Social Assistance

83.0%

70.7%

62.2%

54.6%

48.5%

31.0%

Arts, Entertainment, & Recreation

69.6%

57.4%

48.1%

40.8%

35.6%

19.0%

Accommodation & Food Services

73.0%

56.5%

47.9%

40.1%

34.7%

17.2%

Other Services

67.7%

51.2%

41.7%

34.7%

29.6%

14.9%

Total

68.9%

55.0%

45.9%

39.2%

34.2%

19.1%

 

 

Table 6: New Business Survival Rates in Wyoming by Industry and Region
Industry Northwest Northeast Southwest Southeast Central Nonclassified Statewide
Agriculture 76.0% 71.9% 72.3% 85.9% 88.3% 62.5% 78.2%
Mining 71.5% 75.8% 74.5% 71.4% 70.6% 70.3% 73.4%
Utilities 100.0% 66.7% 69.2% 81.8% 54.5% 50.0% 71.9%
Construction 56.6% 59.8% 57.6% 57.1% 60.2% 43.8% 57.6%
Manufacturing 66.8% 79.0% 74.9% 70.6% 73.3% 69.2% 72.6%
Wholesale Trade 73.2% 76.8% 70.6% 77.4% 73.6% 69.7% 73.8%
Retail Trade 73.8% 76.1% 76.0% 73.3% 74.2% 63.5% 74.5%
Transportation & Warehousing 69.1% 70.1% 66.3% 68.8% 66.6% 69.4% 68.0%
Information 71.7% 73.7% 66.1% 64.6% 62.3% 61.4% 66.2%
Finance & Insurance 67.4% 74.8% 72.6% 68.0% 74.6% 41.9% 69.0%
Real Estate & Rental & Leasing 74.5% 78.7% 74.7% 78.2% 79.1% 57.9% 76.5%
Professional & Technical Services 72.9% 72.0% 72.7% 72.3% 74.1% 50.7% 71.6%
Mgmt.of Companies & Enterprises 70.4% 88.5% 84.0% 60.5% 81.8% 50.0% 76.0%
Administrative & Waste Services 63.3% 65.7% 65.0% 65.5% 62.9% 56.1% 63.7%
Educational Services 72.3% 78.0% 74.3% 72.6% 72.9% 59.3% 72.7%
Health Care & Social Assistance 83.0% 83.8% 83.3% 83.4% 82.8% 72.5% 83.0%
Arts, Entertainment, & Recreation 65.9% 71.4% 74.6% 69.2% 67.5% 43.8% 69.6%
Accommodation & Food Services 70.5% 72.2% 72.5% 76.0% 73.8% 76.2% 73.0%
Other Services 65.8% 69.2% 70.7% 64.1% 69.5% 61.4% 67.7%
Total 68.4% 70.6% 68.9% 69.0% 70.5% 56.8% 68.9%

 

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Last modified by Phil Ellsworth.