July 2025: 29.63% (A+ grade)

Wyoming inventionINDEX July 2025: 29.63% (A+ grade)

The inventionINDEX measures innovation output by comparing GDP growth with patent production growth. 

Anything over C grade is positive sentiment; anything under C is negative outlook/sentiment. Using that sentiment, it is possible to observe trends over time, and also compare states/countries. In doing so, we can predict which states have the best chance to recover economically from the pandemic (or any other economic incident that may occur).

Wyoming inventionINDEX Scores – Last 12 months

Based on the provided historical data for the last 60 months, the Wyoming inventionINDEX has demonstrated a pattern of significant fluctuations while largely maintaining a positive rating. The most recent score in July 2025, at 29.63% with an A+ rating, is notable. This score is well above the general average for the period and indicates a strong start to the new quarter. The historical table reveals that while the A+ rating is common, the actual score percentage varies widely, ranging from a high of 51.89% in March 2025 to lows, including negative scores, at other times.

A consistently high inventionINDEX score and a favorable A+ rating are indicative of a robust and dynamic environment for innovation. A high score suggests a strong pipeline of new ideas, patents, and creative developments that are being successfully brought to market or are receiving significant attention. This positive trend can attract investment, foster entrepreneurship, and strengthen the state’s economic foundation. It reflects a culture that supports and rewards intellectual property creation, which can lead to job growth and a more diverse, knowledge-based economy.

Conversely, a lower score, such as the 1.02% C rating in August 2024 and April 2023, or the F ratings in July 2022 and February 2021, signals potential challenges. These scores may point to periods of reduced innovation, a slowdown in the generation of new patents, or a less competitive intellectual property landscape. The implications of a low score could include a potential stagnation in economic development, a decrease in investor confidence, and a migration of inventive talent to other regions with more supportive innovation ecosystems.

In conclusion, the Wyoming inventionINDEX over the last 60 months shows a landscape of notable success punctuated by periods of decline. The periods of high performance and consistent A+ ratings highlight the state’s capacity for significant inventive activity, while the occasional low scores serve as a reminder of the need for sustained effort in fostering innovation. To maintain a strong position, it is important to understand the factors driving both the high and low scores and to implement strategies that mitigate periods of lower performance while building on the successes seen in recent months.

Discussion:

In July, the Wyoming inventionINDEX scored a positive sentiment which was higher than the previous year’s average and outperformed the upward trend for the year. This is similar to the prior 12 months, which experienced a considerable upward trend. 

As the economy continues to stabilize in the post-pandemic era, it remains uncertain whether any backlog of applications still exists or if the department has returned to normal processing timelines. The inventionINDEX could also be affected by lingering consequences from the pandemic, such as company closures, reduced workforces, and limited R&D capabilities, which may still be impacting current operations.

Learn More:

Are you thinking of patenting any of your bright ideas? Did you know your research work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? To find out more, please check out our free online eligibility test.

Swanson Reed’s Wyoming office provides R&D tax credit consulting and advisory services to Cheyenne, Casper, Laramie, Gillette, and Rock Springs.

Feel free to book a quick teleconference with one of R&D tax specialists if you would like to learn more about R&D tax credit opportunities.

Who We Are:

Swanson Reed is the largest Specialist R&D tax credit advisory firm in the United States. With offices nationwide, we are one of the only firms globally to exclusively provide R&D tax credit consulting services to our clients. We have been exclusively providing R&D tax credit claim preparation and audit compliance solutions for over 30 years. 

Swanson Reed hosts daily free webinars and provides free IRS CE and CPE credits for CPAs.  For more information please visit us at www.swansonreed.com/free-webinars or contact your usual Swanson Reed representative.

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