Choose Montana
“We 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
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 |
LATEST NEWS
VACOM Plans $90M U.S. Headquarters In Montana
Germany-based manufacturing company expects to create up to 500 jobs at new U.S. headquarters in Lewistown, Montana by 2029.
Which States Would Fare Best In An AI Apocalypse?
Confuse The Machine used advanced artificial intelligence (AI) analytics to determine which U.S. states are best equipped to withstand a hypothetical AI tech uprising. The findings might surprise you.
EDA Announces 31 Tech Hubs Across U.S.
New Tech Hubs program will drive regional innovation and job creation by strengthening a region’s capacity to manufacture, commercialize, and deploy technology.