DOING BUSINESS IN MONTANA

Choose Montana
406-841-2821
choose@mt.gov
www.ChooseMontana.com

Doing Business in MontanaWe invite corporate site selectors to learn about Montana. In Montana, you will find a high percentage of STEM-oriented talent, exceptional veterans, and a Top 5 state business tax climate paired with an outdoor lifestyle that is uniquely Montana.

— Scott Osterman, Director, Montana Department of Commerce
Doing Business in Montana
Rocky Mountain Laboratory in Hamilton, Montana (Photo: NIH/Bryan Kercher)

  TARGETED GROWTH SECTORS

Manufacturing: A study by the National Association of Manufacturers shows that Montana has the lowest manufacturing labor costs west of the Mississippi river.


Photonics: On a per-capita basis, Montana has one of the highest densities of optics companies found anywhere in the United States.


Value-Added Agriculture: Montana’s largest industry. With nearly 28,000 farms and ranches spread across nearly 60 million acres.

  TOP PROJECTS

COMPANY
LOCATION
INVESTMENT
Montana Renewables LLC
Great Falls
$275 million
TDS Telecom
Statewide
$160 million
Touro University
Great Falls
$53 million
Montana Specialty Mills
Great Falls
$15 million
Gibson Brands Inc.
Bozeman
$13.9 million

  FAST FACTS

Population (July 2022 est.): 1,122,867¹
Largest Cities (2020): Billings (117,026); Missoula (73,949); Great Falls (60,420); Bozeman (53,119); Butte (34,530)¹
Real GDP (2022): $49.8 billion²

¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce

  MANUFACTURING & UPSKILLING INCENTIVES

Tax Abatement: Manufacturing machinery, fixtures, and equipment companies receive a special property tax abatement up to 100% of taxable value.

AccelerateMT: Innovative workforce training and upskilling program that aligns the goals of the business in partnership with leaders in academics, business, and government.

  TOP BUSINESS FACILITIES RANKINGS

#2 Outdoor Recreation
2023 State Rankings
Top 5 Best Business Tax Climate
2023 State Rankings
Top 5 Fastest-Growing (Population)
2023 State Rankings
Top 10 Best Business Climate (Small): Missoula
2023 Metro Rankings

From the July / August 2023 issue of Business Facilities

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