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Montana is the 31st Best State for Business 2014

Montana had a lower ranking than all four of its border states. Idaho came in at 28th; North Dakota was 12th; South Dakota 15th and Wyoming 18th. It’s 2.1% GDP growth is lower than the national average, but so are its unemployment and tax rates (5.2% and 8.6%, respectively.)

Previous State: New Mexico Next State: Alaska

No. 31 Montana

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP 

  • % Growth ’12-’13: 3.0
  • % Growth ’11-’12 v. Nat’l Avg. (2.5%): -0.4

Unemployment

  • Unemployment Rate Dec. 2013 %: 5.2
  • Comparison with Nat’l Rate (6.70%): -1.5

Domestic Migration

  • Domestic Net Migration 2013: 5,467
  • Rank: 14

State Government

  • State Debt per Capita Fiscal Year ’13 ($): 4,521
  • State & Local Gov’t Employees per 10k Residents: 585.2

State-Local Tax Burden

  • Rate (%): 8.6%
  • Compared to Nat’l Avg. (9.9%): -1.25%
Key Companies
  • Stillwater Mining
  • First Interstate BancSystem
  • Glacier Bancorp
Development Trend Indicator: Negative
Nibbled at tax rates last year but needs more reform to reignite growth.


Based on CEO Survey by ChiefExecutive.net

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation

About JP Donlon

JP Donlon is the Editor-in-Chief of Chief Executive magazine.