“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
Featured Locations
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.
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.
