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Montana Resources Page
Inward Investment Guides

Regional Report: Mountain Region States Highlighting Innovation and Pioneer Industries

Karen Thuermer (Directory 2015)
States in the mountain region are pulling out the stops to attract advanced technology companies. Nowhere is this more true than in Nevada, where Tesla is building its gigafactory, which will be the world’s largest and most advanced battery factory. More

The Regional Impact of Quality of Life on Entrepreneurial Decisions

Dan White, Senior Economist, Moody's Analytics (Q2 2014)
One of the most often cited reasons for the location of a new business is quality of life, yet it is one of the areas policymakers most often overlook. More

Montana Direct Financial Incentives 2014

Area Development Research Desk (Q1 2014)
Montana's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

Major New Developments for Keystone Pipeline

James T. Berger (Q1 2014)
Even without approval of the controversial Keystone XL phase, Canadian crude oil is now flowing through the pipeline from Canada to the Gulf for the first time. More

Optimizing Economic Growth in Shale Zone Communities

Bruce Rutherford, International Director, Global Energy Practice Leader, JLL (Q1 2014)
The ability to access oil and natural gas reserves found in the nation’s shale regions has presented new opportunities for economic growth along with a host of infrastructure and real estate challenges. More

Regional Report: Mountain States’ Economies Striving to Reach New Heights

Steve Stackhouse-Kaelble (Directory 2014)
The Mountain States are posting positive news on the jobs and business location and expansion front. More

Leading Locations for 2013: The Mountain Region MSAs

Area Development Special Presentation (July 2013)
A mixture of modern and emerging sectors — including aerospace, biotech, information technology, and financial services — has driven the economies of the Mountain States’ (Colorado, Idaho, Montana, Nevada, Utah, and Wyoming). More

Regional Review: FDI Adds to Vitality of the Mountain States

Dan Calabrese (Location USA / April 2013)
The Mountain States’ economies were driven over the past 12 months by a mixture of modern and emerging sectors, including information technology, and old standbys like dairy. At the same time, foreign investment came from a variety of sources to add to the vitality of the region. More

MONTANA at a glance

POPULATION: 1,005,141 (2012 US Census Estimate)

LABOR FORCE: 507,863 (2013 Bureau of Labor Statistics)

RIGHT TO WORK: No

TRADITIONAL INDUSTRIES:Natural resources, agriculture, tourism, manufacturing, energy

EXPANDING INDUSTRIES: Software, aerospace, value-added agricultural products, telecommunications, research and development, professional services, bioscience

COLLEGE GRADUATES: (Age 25 and over): 37.8% (2012 US Census Bureau)

BASIC BUSINESS TAXES:
Corporate License (Income) Tax: 6.75 percent of all net income; corporations subject to apportionment may choose between worldwide combined reporting and the water's-edge combination method of reporting (7 percent tax rate for water's edge).

Sales and Use Tax: None

Property Tax: Levied primarily by local jurisdictions; the state levies approximately 101 mills and ensures equal treatment of property by standardizing assessment and appraisals; tax liability is determined by applying the appropriate tax rate for the property (14 classes of property) to market value, then multiplying by mill levy.

BUSINESS INCENTIVES:
Workforce training grants

Business economic development loans

Stand-Alone and Pooled Industrial Revenue Bond programs

Research and commercialization grants

Community infrastructure development loans/grants

Tax increment financing

Infrastructure incentives

Property tax incentives (for new or expanding industries)

Targeted industry tax incentives (for film productions, aerospace, renewable energy, and others)

Economic Development Trust Fund grants (for new job creation)

Principal Manufacturing industries

  • Chemicals, Petroleum & Coal
    22.3%
  • Wood Products & Furniture
    15.6%
  • Fabricated Metal
    10.7%
  • Food Products
    10.6%
  • Machinery, Computers & Electronics
    7.0%
  • Chemical
    5.2%
  • Other
    33.8%
Source: U.S. Bureau of Economic Analysis, 2012