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 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

Bureau of Economic Analysis
Bureau of Labor Statistics
The Tax Foundation

Get the CEO Briefing

Sign up today to get weekly access to the latest issues affecting CEOs in every industry

upcoming events