State policy in Wyoming has traditionally favored fiscal, social, and political conservatism. A pro-business and pro-family climate has generally prevailed. For example, Wyoming does not have a state personal income tax, a state business income tax, nor a business inventory tax. Not until 1969 was the minerals industry compelled to pay a severance tax on the wealth it was extracting from Wyoming soils. The state's leading industry is tourism, (the federal government owns over 50% of Wyoming's land), and Wyoming is first among US states in coal and iron production. The Wyoming Department of Commerce, Division of Economic and Community Development encourages entrepreneurship, emphasizes community development, and supports retention and expansion of existing Wyoming businesses. Grant and loan programs also assist Wyoming communities and businesses. In 2003, the Wyoming Business Council maintained six regional offices around the state to provide personalized and localized technical assistance. These were part of a statewide network of partners, offering one-on-one business assistance.