From the Governor
“Montana is increasingly seen as an ideal choice for companies that not only value a strong business climate and an educated workforce but a place where quality of life matters.” —Gov. Steve Bullock
Big Tech in Sky Country
Montana is making a name for itself in tech as dozens of startups drive new growth in the cities of Missoula and Bozeman. According to a report by ACT | The App Association, more than 3,700 Montanans now work in the app economy, and that number is expected to grow by 18% by 2024. Israeli tech firm 4Cast recently selected Missoula as the location of a base office.
Montana Department of Commerce
Tara Rice, Director
301 S. Park Ave.
P.O. Box 200501
Helena, Mt 59620-0501
Big Sky Trust Fund: Offers projects in “high poverty counties” incentives of up to $7,500 per job for land, equipment, rehabilitation costs and employee training.
New or Expanding Industry Tax Abatement: Offers a tax abatement of up to 75% for the first five years of operation to businesses that earn half or more of their annual gross income from out-of-state sales.
New Markets Tax Credit: Offers credits that can be used or sold for projects that have a at least a $4 million investment.
Private Sector Workforce Training Grant: Offers up to $5,000 for training expenses per eligible job created.
Montana Governor’s Office of Economic Development: business.mt.gov
Montana Economic Developers Association: medamembers.org/meda
Montana Business Assistance Connection: mbac.biz
Missoula Economic Partnership: missoulapartnership.com
Big Sky Economic Development: bigskyeconomicdevelopment.com
Highlighted Program or Initiative
Gov. Steve Bullock and Lt. Gov. Mike Cooney announced in September 2018 Main Street Montana Rural Partners, an initiative to help build economic opportunities in small towns and tribal communities around the state.
- Israeli company 4Cast announced in April 2018 it will open its U.S. office in Missoula and hire more than 100 employees over the next several years.
- Cognizant announced in September 2018 it would acquire Missoula-based Advanced Technology Group. The company expects to add more employees in the coming years.
- Elemental Scientific Lasers announced in January 2018 it acquired a Bozeman-based photonics company and will relocate the company’s production facility from Singapore to Bozeman.
Iron Core Labs
“In our search for a U.S. base, we were particularly impressed with the enthusiasm, responsiveness and cooperation we received…. We believe that the support and cooperation offered, coupled with the availability of a talented and educated workforce in the area, offers an amazing opportunity to forge a strong and successful U.S. presence for 4Cast in the future.” —Nissim Titan, CEO, 4Cast