#25 Montana


#22 in Taxation and Regulation

#12 in Workforce Quality

#12 in Living Environment

Right to Work?

Regional Profile – West

STATE
OVERALL REGIONAL RANK
TAXATION & REGULATION REGIONAL RANK
WORKFORCE QUALITY REGIONAL RANK
LIVING ENVIRONMENT REGIONAL RANK
California
9
9
9
9
Colorado
3
6
7
2
Idaho
5
2
2
1
Montana
6
5
4
4
Nevada
1
3
6
8
Oregon
8
8
8
7
Utah
4
4
1
3
Washington
7
7
3
5
Wyoming
2
1
5
6

Key Industries

Agriculture, Biotech, Data Center, Manufacturing, Optics, Tourism

Key Companies

Adventure Life

Altos Photonics

First Interstate BancSystem

Glacier Payments

Loenbro

Stillwater Mining

Advantages

While declines in coal production are likely to be felt acutely in three rural counties, Montana as a whole is in a strong position to transition to a low-carbon energy portfolio, according to the National Resources Defense Council.

Challenges

A proposed $400 million 42-mile railroad for coal distribution has been shelved, taking new jobs with it.

Montana is the 4th most gambling-addicted state in the country, according to a consumer advocacy website.

Key Contacts

Office of Economic Development

Meg O’Leary, Department Director
406- 841-2704
P.O. Box 200505
Helena, MT 59620-0505

moleary@mt.gov
http://business.mt.gov/

CEO Comments

“Washington, Nevada and Montana claim to be business friendly, but they have high taxes, T & E costs, and laws favoring organized labor.”

“Montana’s taxes and regulations situation could be better, but the quality of living, people, education system, etc. make this state very attractive for new businesses, especially in the high tech area.”

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No 28: Montana

No. 28

Montana

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
Taxation and Regulations
  • State Corporate Income Tax Rate: 6.75%
  • Highest Personal Income Tax Rate: 6.90%
Workforce Quality
  • % with High School diploma or more: 90.9
  • % with Bachelor’s degree or more: 27.1
  • % with Advanced degree or more: 8.4
  • Patents per 100K: 10.77
  • % of Employed Represented by Unions: 14.4
Quality of Life
  • Hopsitals per 10K: 0.566
  • Elementary/Secondary Schools per 1000 people: 0.919
  • Violent Crimes per 100K: 245.85
Key Companies
  • Stillwater Mining
  • First Interstate BancSystem
  • Glacier Bancorp
Other Highlights
  • Montana held steady at #28 in 2010 and 2011– the state took #27 in 2009
  • Montana ranks 11th in state debt per capita with $4903

Sources:
TaxFoundation.org
Statemaster.com
Bureau of Labor Statistics
U.S. Census Bureau
U.S. Patent and Trademark Office
The National Center for Public Policy and Higher Education