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Wyoming New Business Formation in 2012 and 2013 (Tables and Figures)

by: Sherry Wen, Principal Economist

See Related Article

Tables 1, 2, 3, 4, 5, 6, 7
Figure 1, 2, 3, 4, 5

 

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Table 1: Wyoming New Firms, Associated Initial Jobsa, and Wages by Region and County, 2012 and 2013
Regions and Counties 2012 2013
New Firms Initial Jobs Total Wages New Firms Initial Jobs Total Wages
N % N % $ % N % N % $ %
Northwest 297 14.8% 837 10.1% $14,441,482 7.9% 259 12.6% 682 8.8% $13,615,266 8.0%
Big Horn 33 1.6% 71 0.9% $1,185,587 0.6% 26 1.3% 30 0.4% $476,659 0.3%
Fremont 119 5.9% 302 3.6% $6,811,854 3.7% 107 5.2% 277 3.6% $7,646,716 4.5%
Hot Springs 20 1.0% 56 0.7% $586,378 0.3% 9 0.4% 19 0.2% $292,937 0.2%
Park 101 5.0% 310 3.7% $3,882,683 2.1% 82 4.0% 219 2.8% $3,411,433 2.0%
Washakie 24 1.2% 98 1.2% $1,974,980 1.1% 35 1.7% 137 1.8% $1,787,521 1.0%
Northeast 291 14.5% 1,007 12.2% $22,137,064 12.0% 333 16.3% 1,444 18.5% $21,103,886 12.4%
Campbell 117 5.8% 500 6.0% $15,486,509 8.4% 130 6.3% 658 8.5% $8,471,939 5.0%
Crook 9 0.4% 36 0.4% $239,396 0.1% 29 1.4% 103 1.3% $2,103,304 1.2%
Johnson 33 1.6% 105 1.3% $1,724,679 0.9% 38 1.9% 103 1.3% $2,101,316 1.2%
Sheridan 111 5.5% 314 3.8% $3,753,251 2.0% 115 5.6% 506 6.5% $6,794,626 4.0%
Weston 21 1.0% 52 0.6% $933,229 0.5% 21 1.0% 74 1.0% $1,632,701 1.0%
Southwest 471 23.5% 1,258 15.2% $29,217,889 15.9% 495 24.2% 1,380 17.7% $40,056,144 23.5%
Lincoln 69 3.4% 169 2.0% $2,043,909 1.1% 68 3.3% 135 1.7% $4,545,840 2.7%
Sublette 38 1.9% 188 2.3% $2,824,805 1.5% 34 1.7% 103 1.3% $2,604,103 1.5%
Sweetwater 117 5.8% 278 3.4% $8,103,590 4.4% 109 5.3% 500 6.4% $11,196,921 6.6%
Teton 195 9.7% 480 5.8% $13,347,128 7.3% 251 12.2% 560 7.2% $20,341,696 11.9%
Uinta 52 2.6% 143 1.7% $2,898,457 1.6% 33 1.6% 82 1.1% $1,367,584 0.8%
Southeast 499 24.9% 2,348 28.3% $58,118,596 31.6% 541 26.4% 1,671 21.5% $33,236,009 19.5%
Albany 81 4.0% 275 3.3% $3,430,628 1.9% 107 5.2% 306 3.9% $5,008,915 2.9%
Goshen 34 1.7% 147 1.8% $3,544,289 1.9% 33 1.6% 127 1.6% $1,610,298 0.9%
Laramie 358 17.8% 1,820 22.0% $49,760,698 27.1% 359 17.5% 1,100 14.1% $22,135,460 13.0%
Niobrara 8 0.4% 21 0.3% $179,596 0.1% 8 0.4% 18 0.2% $283,610 0.2%
Platte 18 0.9% 85 1.0% $1,203,385 0.7% 34 1.7% 120 1.5% $4,197,726 2.5%
Central 367 18.3% 1,402 16.9% $30,868,570 16.8% 350 17.1% 1,288 16.5% $29,947,824 17.6%
Carbon 39 1.9% 299 3.6% $8,670,956 4.7% 46 2.2% 210 2.7% $9,068,442 5.3%
Converse 63 3.1% 215 2.6% $4,208,648 2.3% 52 2.5% 150 1.9% $3,431,973 2.0%
Natrona 265 13.2% 888 10.7% $17,988,966 9.8% 252 12.3% 928 11.9% $17,447,409 10.2%
Othersb 83 4.1% 1,431 17.3% $29,171,611 15.9% 71 3.5% 1,321 17.0% $32,394,710 19.0%
Statewide 2,008 100.0% 8,283 100.0% $183,955,212 100.0% 2,049 100.0% 7,786 100.0% $170,353,839 100.0%
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 foreign locations, and out-of-state firms.

 

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Table 2: New Firms, Initial Jobs, and Annual Wages by Industry for 2012 and 2013
Industry 2012 2013
New Firms Initial Jobs Total Wages New Firms Initial Jobs Total Wages
N % N % $ % N % N % $ %
Agriculture 27 1.3% 86 1.0% 1,477,426 0.8% 41 2.0% 111 1.4% 3,094,925 1.8%
Mining 66 3.3% 436 5.3% 18,417,929 10.0% 67 3.3% 336 4.3% 13,014,503 7.6%
Utilities 2 0.1% 3 0.0% 7,765 0.0% 2 0.1% 5 0.1% 193,131 0.1%
Construction 316 15.7% 1,285 15.5% 26,928,524 14.6% 384 18.7% 1,308 16.8% 24,707,427 14.5%
Manufacturing 40 2.0% 180 2.2% 4,169,039 2.3% 49 2.4% 197 2.5% 3,769,588 2.2%
Wholesale Trade 96 4.8% 178 2.1% 5,467,930 3.0% 90 4.4% 174 2.2% 4,589,039 2.7%
Retail Trade 119 5.9% 408 4.9% 3,963,427 2.2% 89 4.3% 1,326 17.0% 22,155,660 13.0%
Transportation & Warehousing 123 6.1% 611 7.4% 9,531,323 5.2% 112 5.5% 388 5.0% 16,054,270 9.4%
Information 21 1.0% 20 0.2% 1,164,813 0.6% 30 1.5% 123 1.6% 1,717,245 1.0%
Finance & Insurance 97 4.8% 111 1.3% 4,324,109 2.4% 93 4.5% 92 1.2% 5,332,062 3.1%
Real Estate & Rental & Leasing 63 3.1% 158 1.9% 3,338,111 1.8% 84 4.1% 179 2.3% 4,693,390 2.8%
Professional & Technical Services 312 15.5% 582 7.0% 20,962,951 11.4% 316 15.4% 579 7.4% 29,445,620 17.3%
Mgmt.of Companies & Enterprises 14 0.7% 22 0.3% 2,864,179 1.6% 9 0.4% 20 0.3% 703,581 0.4%
Administrative & Waste Services 176 8.8% 340 4.1% 5,505,795 3.0% 176 8.6% 399 5.1% 7,071,947 4.2%
Educational Services 21 1.0% 36 0.4% 663,477 0.4% 28 1.4% 83 1.1% 1,185,976 0.7%
Health Care & Social Assistance 125 6.2% 735 8.9% 35,447,669 19.3% 149 7.3% 424 5.4% 10,749,164 6.3%
Arts, Entertainment, & Recreation 34 1.7% 115 1.4% 594,118 0.3% 34 1.7% 140 1.8% 2,344,458 1.4%
Accommodation & Food Services 125 6.2% 1,597 19.3% 10,917,617 5.9% 119 5.8% 1,402 18.0% 10,603,904 6.2%
Other Services 221 11.0% 541 6.5% 6,051,281 3.3% 169 8.2% 380 4.9% 5,768,434 3.4%
Government 10 0.5% 839 10.1% 22,157,729 12.0% 8 0.4% 120 1.5% 3,159,515 1.9%
Total 2,008 100.0% 8,283 100.0% 183,955,212 100.0% 2,049 100.0% 7,786 100.0% 170,353,839 100.0%

 

Table 3: Distribution of Wyoming New Firms by Industry and Region, 2012 and 2013 (Combined)
Industry Regiona Total, All New Wyoming Firms
NW NE SW SE Central Non. Total N Column %
ND = not discloseable due to confidentiality.
aRegions: NW = northwest; NE = northeast; SW = southwest; SE = southeast; Non. = nonclassified.
For more information, see Figure 2.
Agriculture 26.5% 14.7% 8.8% 29.4% 20.6% 0.0% 100.0% 68 1.7%
Mining 12.8% 24.1% 24.1% 9.0% 27.1% 3.0% 100.0% 133 3.3%
Utilities ND ND ND ND ND ND 100.0% 4 0.1%
Construction 13.7% 16.6% 21.0% 26.6% 18.0% 4.1% 100.0% 700 17.3%
Manufacturing 15.7% 22.5% 15.7% 23.6% 22.5% 0.0% 100.0% 89 2.2%
Wholesale Trade 14.5% 15.6% 16.7% 26.9% 19.9% 6.5% 100.0% 186 4.6%
Retail Trade 14.9% 13.9% 30.3% 22.6% 15.9% 2.4% 100.0% 208 5.1%
Trans. & Warehousing 13.2% 15.7% 19.6% 20.4% 28.1% 3.0% 100.0% 235 5.8%
Information 11.8% 9.8% 29.4% 35.3% 7.8% 5.9% 100.0% 51 1.3%
Finance & Insurance 8.9% 8.9% 32.1% 21.6% 15.8% 12.6% 100.0% 190 4.7%
Real Estate & Rental & Leasing 11.6% 21.8% 26.5% 19.7% 19.0% 1.4% 100.0% 147 3.6%
Professional & Technical Services 11.0% 11.0% 27.7% 32.2% 14.0% 4.1% 100.0% 628 15.5%
Mgmt.of Companies & Enterprises 8.7% 4.3% 56.5% 17.4% 8.7% 4.3% 100.0% 23 0.6%
Admin. & Waste Services 13.6% 9.9% 19.9% 32.1% 16.8% 7.7% 100.0% 352 8.7%
Educational Services 8.2% 4.1% 30.6% 42.9% 14.3% 0.0% 100.0% 49 1.2%
Health Care & Social Assistance 17.9% 15.7% 17.9% 29.2% 18.2% 1.1% 100.0% 274 6.8%
Arts, Entertainment, & Recreation 19.1% 10.3% 39.7% 16.2% 14.7% 0.0% 100.0% 68 1.7%
Accommodation &
Food Services 		18.0% 21.7% 23.0% 20.5% 16.0% 0.8% 100.0% 244 6.0%
Other Svcs. (Exc. Public Admin.) 13.1% 21.5% 26.7% 20.8% 16.4% 1.5% 100.0% 390 9.6%
Government 11.1% 16.7% 16.7% 27.8% 16.7% 11.1% 100.0% 18 0.4%
Total 13.7% 15.4% 23.8% 25.6% 17.7% 3.8% 100.0% 4,057 100.0%

 

Table 4: Wyoming New Business Formation Rates by Industry, 2000-2013
Industry 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
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% 5.7% 8.6%
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% 6.0% 6.1%
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% 1.7% 1.7%
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% 8.9% 10.9%
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% 6.6% 8.0%
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% 7.4% 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% 4.8% 3.6%
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% 11.6% 10.4%
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% 5.7% 7.9%
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% 8.3% 8.0%
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% 6.0% 7.9%
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% 11.7% 11.7%
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% 10.1% 6.5%
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% 12.0% 12.0%
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% 9.5% 12.6%
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% 6.5% 7.0%
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% 8.3% 8.3%
Acc. & Food Svcs. 7.9% 8.0% 7.0% 7.0% 7.7% 7.2% 7.6% 7.0% 5.8% 5.9% 7.4% 7.5% 6.5% 6.2%
Other Svcs. (Exc. Public Admin.) 10.3% 11.2% 8.9% 10.1% 9.4% 9.7% 10.6% 11.0% 10.9% 8.2% 11.1% 11.8% 11.7% 9.8%
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% 8.4% 8.5%

 

Table 5: Distribution of New Wyoming Firms by Industry and Initial Firm Sizea in 2012 and 2013 (Combined)
Industry Initial Firma Size in Number of Employees
Temp Hiringb 1-5 6-20 >=21 Total
N % N % N % N % N %
aInitial firm size is the highest average quarterly employment during the first two quarters of opening.
bThe firm size temp hiring refers to firms that reported payroll but no employees (hired only temporary employees).
Agriculture 2 2.9% 58 85.3% 8 11.8% 0 0.0% 68 100.0%
Mining 4 3.0% 98 73.7% 22 16.5% 9 6.8% 133 100.0%
Utilities 1 25.0% 3 75.0% 0 0.0% 0 0.0% 4 100.0%
Construction 44 6.3% 543 77.6% 99 14.1% 14 2.0% 700 100.0%
Manufacturing 4 4.5% 71 79.8% 10 11.2% 4 4.5% 89 100.0%
Wholesale Trade 6 3.2% 167 89.8% 12 6.5% 1 0.5% 186 100.0%
Retail Trade 2 1.0% 171 82.2% 31 14.9% 4 1.9% 208 100.0%
Transportation & Warehousing 12 5.1% 197 83.8% 20 8.5% 6 2.6% 235 100.0%
Information 7 13.7% 41 80.4% 1 2.0% 2 3.9% 51 100.0%
Finance & Insurance 56 29.5% 132 69.5% 2 1.1% 0 0.0% 190 100.0%
Real Estate & Rental & Leasing 14 9.5% 120 81.6% 12 8.2% 1 0.7% 147 100.0%
Professional & Technical Services 27 4.3% 572 91.1% 25 4.0% 4 0.6% 628 100.0%
Mgmt.of Companies & Enterprises 1 4.3% 21 91.3% 1 4.3% 0 0.0% 23 100.0%
Administrative & Waste Services 38 10.8% 295 83.8% 16 4.5% 3 0.9% 352 100.0%
Educational Services 4 8.2% 42 85.7% 2 4.1% 1 2.0% 49 100.0%
Health Care & Social Assistance 2 0.7% 235 85.8% 33 12.0% 4 1.5% 274 100.0%
Arts, Entertainment, & Recreation 2 2.9% 50 73.5% 15 22.1% 1 1.5% 68 100.0%
Acc. & Food Svcs. 5 2.0% 114 46.7% 82 33.6% 43 17.6% 244 100.0%
Other Svcs. (Exc. Public Admin.) 14 3.6% 352 90.3% 22 5.6% 2 0.5% 390 100.0%
Government 0 0.0% 7 38.9% 5 27.8% 6 33.3% 18 100.0%
Total 245 6.0% 3,289 81.1% 418 10.3% 105 2.6% 4,057 100.0%

 

Table 6: Wyoming Business Survival Rate by Industry
Industry Number of Years
1 2 3 4 5 10
Agriculture 78.5% 68.8% 60.1% 54.7% 50.9% 34.2%
Mining 73.6% 60.7% 50.2% 44.3% 39.0% 22.2%
Utilities 73.5% 60.0% 57.8% 50.8% 52.6% 33.3%
Construction 57.7% 44.0% 36.1% 29.9% 26.0% 14.1%
Manufacturing 72.5% 59.6% 50.1% 44.6% 39.8% 21.9%
Wholesale Trade 73.6% 57.1% 47.2% 39.7% 33.9% 18.9%
Retail Trade 74.5% 59.9% 49.2% 42.0% 35.4% 19.0%
Transportation & Warehousing 67.9% 53.9% 44.2% 36.8% 32.5% 17.6%
Information 66.7% 51.3% 44.0% 37.6% 32.7% 15.3%
Finance & Insurance 68.2% 56.4% 46.5% 42.0% 37.3% 24.4%
Real Estate & Rental & Leasing 76.8% 65.5% 57.0% 50.2% 45.4% 30.5%
Professional & Technical Services 71.5% 57.6% 48.3% 42.4% 37.0% 22.0%
Mgmt. of Companies & Enterprises 76.6% 60.7% 55.8% 44.9% 37.0% 30.0%
Administrative & Waste Services 63.9% 50.6% 41.3% 33.9% 29.0% 15.9%
Educational Services 72.7% 61.0% 52.2% 44.0% 38.6% 19.9%
Health Care & Social Assistance 82.8% 70.8% 62.6% 54.5% 49.0% 32.3%
Arts, Entertainment, & Recreation 70.4% 58.6% 48.6% 42.0% 35.9% 20.6%
Acc. & Food Svcs. 73.1% 57.0% 47.5% 39.9% 35.3% 17.3%
Other Svcs. (Exc. Public Admin.) 67.9% 52.4% 42.4% 34.8% 30.1% 15.5%
Government 93.2% 91.6% 88.7% 86.0% 83.7% 75.7%
Total 69.0% 55.2% 46.0% 39.2% 34.3% 19.6%

 

Table 7: Wyoming New Business One-Year Survival Rate by Industry and Region
Industry Region
Northwest Northeast Southwest Southeast Central Nonclassified Statewide
Agriculture 76.4% 72.7% 73.7% 84.8% 88.2% 62.5% 78.5%
Mining 71.6% 75.5% 75.1% 76.3% 70.9% 69.8% 73.6%
Utilities 100.0% 66.7% 73.3% 83.3% 58.3% 50.0% 73.5%
Construction 57.0% 60.1% 57.7% 56.9% 60.7% 43.1% 57.7%
Manufacturing 65.4% 80.0% 74.9% 70.9% 72.9% 69.2% 72.5%
Wholesale Trade 73.5% 76.7% 71.1% 77.1% 73.0% 68.6% 73.6%
Retail Trade 74.1% 75.9% 75.8% 73.7% 73.8% 63.2% 74.5%
Transportation & Warehousing 69.3% 72.0% 65.5% 66.5% 68.1% 67.9% 67.9%
Information 75.0% 74.6% 67.2% 63.9% 62.3% 60.3% 66.7%
Finance & Insurance 71.2% 75.4% 69.2% 67.9% 75.4% 36.1% 68.2%
Real Estate & Rental & Leasing 75.3% 76.7% 75.8% 78.7% 78.9% 61.9% 76.8%
Professional & Technical Services 73.2% 71.7% 72.9% 72.1% 74.0% 49.8% 71.5%
Mgmt. of Companies & Enterprises 69.0% 89.3% 83.3% 64.3% 76.9% 66.7% 76.6%
Administrative & Waste Services 64.5% 65.5% 65.5% 66.0% 62.4% 55.6% 63.9%
Educational Services 73.1% 78.4% 73.5% 73.5% 71.2% 58.6% 72.7%
Health Care & Social Assistance 83.2% 82.0% 83.2% 83.0% 82.9% 73.8% 82.8%
Arts, Entertainment, & Recreation 65.8% 72.9% 74.5% 72.1% 68.4% 43.8% 70.4%
Accommodation & Food Services 71.2% 72.0% 72.0% 76.0% 74.2% 79.2% 73.1%
Other Svcs. (Exc. Public Admin.) ] 65.2% 68.7% 71.1% 64.4% 70.7% 59.6% 67.9%
Government 87.8% 91.7% 97.4% 92.6% 100.0% 88.9% 93.2%
Total 68.8% 70.6% 69.1% 69.0% 70.7% 55.8% 69.0%
 

 

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Table of Contents

February 2015, Vol. 52 No. 2

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