“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
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.
