By Donald J. Sterhan

There’s no question that we’re facing unprecedented challenges in today’s economy.  From job losses and disruptions in education, to deferred payments, business closures and even bankruptcies, it’s clear we have a lagging economy that is stumbling along in uncertainty.  On that much, I think most all of us can agree.   But where we seem to disagree is in identifying the steps needed to set a new course and get us back on the pathway to economic recovery and growth. 

As a lifelong Montanan with a business career spanning over 35 years in the Treasure state, I must admit that I often see the health and welfare of our local business community as a good barometer of the opportunities available to our citizens.  If we are to achieve growth in our economy and stimulate tax revenues to fuel our schools and public services, then we must rely on a vibrant business community that promotes more jobs, better wages, and the spirit of entrepreneurship.  This result doesn’t happen by chance – it only happens with leadership. 

It is for this reason that I was pleased to see Matt Rosendale step forward this past week in a very public way to take the initiative and offer leadership in this debate over the next best steps.   Last week I participated in a roundtable discussion that Rosendale hosted with business leaders from around Montana, with a variety of industries represented including retail, construction, agriculture, healthcare, financial services, and tourism.  Rosendale convened the roundtable to listen to specific issues affecting each of our industries as a result of COVID-19, and to discuss any ways that we felt the federal government could make it easier on businesses during these challenging times.

Over the course of the conversation, it became clear to me that Rosendale draws on his own experience as a businessman, with much success to his credit in growing his family’s small business, creating jobs, and signing both sides of a paycheck.  But even more impressive is his willingness to listen – and it’s a refreshing quality. This quality is evident in Matt Rosendale’s “Plan to Reignite Our Economy”.  I’ve reviewed this plan and believe it’s right on the mark. 

The plan that he released addresses many of the concerns we shared with him at the roundtable, from liability protections for businessowners, to incentivizing employees to return to work, to rolling back crushing federal regulations and taxes.  It’s apparent to me that Rosendale and his team have worked overtime to consolidate the various business issues and recommendations into an organized and bold plan to rebuild our economy, unleash growth, foster job creation, and promote innovation in Montana.  

Now that’s leadership.  Especially in these uncertain times, that’s the brand of leadership from our public officials that is critically important.   In Congress, in the legislature, and in local municipalities, we need leaders with a clear understanding of the challenges facing businesses.  Matt Rosendale has demonstrated to me that he is indeed that type of leader.

Donald J. Sterhan is the President and CEO of Mountain Plains Equity Group. He has previously served as Chairman of the Montana Chamber of Commerce, President of the Montana Chamber Foundation, on the White House Conference on Small Business, and as a member of the U.S. Chamber of Commerce’s Board of Directors.

Following recommendations from the Northwest Commission on Colleges and Universities’  Seven Year Mission Fulfillment and Sustainability Evaluation of MSU Billings which occurred in 2018, MSU Billings received a glowing report from the NWCCU’s virtual visit this past April, commending the university for turning the ship around in such a short amount of time.

President Trump issued an executive order to expand access to telehealth services for millions of Americans—especially those living in rural communities.

“The Trump Administration has cut red tape allowing telehealth services for seniors and for other Americans,” Press Secretary Kayleigh McEnany said at a news briefing. “Thirty-five percent of Medicare beneficiaries took advantage of the President’s reform.”

The executive order calls for more investments into Rural America’s communications infrastructure to better support telehealth. As a result, more Americans would have access to the kind of affordable, personalized care that puts the patient in control. President Trump issued an executive order to expand access to telehealth services for millions of Americans—especially those living in rural communities.

“The Trump Administration has cut red tape allowing telehealth services for seniors and for other Americans,” Press Secretary Kayleigh McEnany said at a news briefing. “Thirty-five percent of Medicare beneficiaries took advantage of the President’s reform.”

The executive order calls for more investments into Rural America’s communications infrastructure to better support telehealth. As a result, more Americans would have access to the kind of affordable, personalized care that puts the patient in control.

In a state-by-state breakdown of positivity rates, in testing for the COVID -19 virus in nursing homes, Montana is in the lowest category – those states with less than a five percent positive rate.

The study was released by American Health Care Association and National Center for Assisted Living. With 71 nursing homes, Montana’s positivity rate is 4.2 percent.

The agencies are concerned about the 33 states that have positivity rates higher than 5 percent- – ranging from Arizona with 22.7 percent to Oregon with 5.1 percent. Maine and Vermont have the lowest rates at 0.7 percent.

Since July 26, there are 33 states with a positive test rate of over five percent, underscoring the need for increased testing and PPE to keep the virus from spreading.  Many states still have a significant percentage of facilities without vital PPE, including N95 masks, surgical masks, and gowns, according to the Centers for Medicare & Medicaid Services (CMS)

 On July 22, 2020, the CMS announced that, “[they] will begin requiring, rather than recommending, that all nursing homes in states with a 5% positivity rate or greater test all nursing home staff each week.” If implemented today, 11,640 nursing homes would be required to conduct such weekly testing.

 AHCA/NCAL represents more than 14,000 nursing homes and assisted living facilities. 

MDU Resources Group, Inc. reported second quarter earnings of $99.7 million, or 50 cents per share, a 61% increase over second quarter 2019 earnings of $61.8 million, or 31 cents per share. For the six months ended June 30, MDU Resources earned $124.8 million, or 62 cents per share, compared to $102.7 million, or 52 cents per share, in 2019.

Said David L. Goodin, president and CEO of MDU Resources, “Our operations performed extremely well in the quarter, with record revenues and earnings at both our construction businesses and very strong results from our regulated energy delivery businesses.

“Our geographic diversity and focus on midsize markets has served us well …. Our utility and pipeline operations continue to provide needed energy … and our total construction backlog remains at a near-record level of nearly $2.2 billion.” The construction materials business had record second quarter revenues and earnings. Revenues were $621.1 million, compared to $596.0 million for the same period last year, and earnings of $53.0 million were an 82% increase over second quarter 2019 earnings of $29.2 million.

Mason O’Donnell recently joined Stockman Bank as a Financial Analyst. His responsibilities include modeling interest rate and liquidity risk; and assisting in the analysis of the balance sheet strategies, funding options and firm capitalization.

 He will also provide credit write-ups and analysis on fixed income investments for the bank’s bond portfolio, as well as the reporting of key measurements, performance ratios and credit standards.

O’Donnell earned his Bachelor of Arts degree in Economics and Finance at Northwestern College in Orange City, Iowa in 2019. He is currently a level 2 candidate in the CFA program.

He is located at 2700 King Avenue West and can be reached at 406-655-3989.

The HUB Drop-In Center in Downtown Billings with be closing its doors, effective October 1. The Board of Directors for the Mental Health Center made the difficult decision at its July meeting, after months of serious consideration of multiple alternatives.

The decision to close The HUB allows the Mental Health Center to maintain all other services at full capacity, said Board Chairman, Carl Seilstad, including the “Project to Assist in the Transition from Homelessness” or PATH program. That program will be relocated to the Center’s main campus on North 29th Street. The Mental Health Center serves many other vulnerable populations including military veterans, senior citizens, people with co-occurring mental illness and substance use disorders, and families with youth experiencing their first psychotic break.

The Region III Mental Health Center is a registered non-profit 501(c)(3) corporation dedicated to the establishment, development and maintenance of high-quality mental health and chemical dependency care in South Central Montana. The Mental Health Center has been serving the needs of our community since 1971.

The programs and services provided by the Mental Health Center:

—Program for Assertive Community Treatment (PACT)

The PACT Team helps individuals with severe disabling mental illness maintain independence and remain in a community setting.  From a psychiatrist and nurses to therapists and rehab aides, nearly 90 clients are visited daily by the PACT team.

—Projects to Assist in the Transition from Homelessness (PATH)

Previously located at The HUB, the PATH program will move to 1245 N. 29th St., located between the MSUB and hospital campuses. Clients in the PATH program receive extensive case management services and are actively working to overcome homelessness.

—Early Psychosis Intervention Clinic (EPIC)

The first psychotic break experienced by a teen or young adult can be traumatizing for both the patient and their family members. In partnership with Billings Clinic, the Mental Health Center offers a wraparound approach for youth 15-21 through the EPIC program.

—Regional Satellite Offices

Satellite offices in Columbus, Big Timber, Red Lodge, Roundup, and Lewistown provide services for individuals in our rural and frontier areas. Services include both mental health and addiction counseling. 

—Rainbow House Day Treatment Center

Seniors, people with disabilities and individuals with mental illness often utilize the Rainbow House as a safe space to gather, learn, eat and build relationships. The facility near North Park also houses CPR, Mental Health First Aid and other community trainings.

—Group Home and Community Apartments

The Mental Health Center operates a group home for a small number of carefully-screened individuals who stand to benefit greatly from a structured residential setting. The nonprofit also maintains a few apartments donated to the organization for affordable housing.

— Journey Recovery Program

Substance Use Disorders can cause long-term health problems and often interferes with relationships at work, school or home. Our Licensed Addiction Counselors offer clients a supportive environment and a pathway to recovery through evidence-based treatment.

—Outpatient Therapy

For some individuals, a few counseling sessions is all that is needed to regain control of their lives. For others, therapy can take longer to yield the same results. The Mental Health Center’s team of licensed clinicians is here to offer hope and share solutions.

—Psychiatric Services

Once someone is diagnosed with a mental illness that requires pharmaceutical intervention, the prescribers at the Mental Health Center offer medication management at an affordable rate that is covered by many different insurance carriers, including Medicare and Medicaid.

 The Region III Mental Health Center is a registered non-profit 501(c)(3) corporation dedicated to the establishment, development and maintenance of high-quality mental health and chemical dependency care in South Central Montana. The Mental Health Center has been serving the needs of our community since 1971. Our compassionate, caring staff is experienced in a wide variety of counseling services including individual and family counseling and psychiatric services. Our ultimate goal at the Mental Health Center is to help people of all ages overcome the roadblocks that keep them from enjoying a healthy, happy, productive life. 

After an exciting inaugural event last August, the goal of organizers this year was to make Dig It Days bigger and better, so it is with great dismay that Yellowstone County News and Dig It Days sponsors and volunteers, have decided it is best to cancel the event this year because of the uncertainties associated with the COVID-19 virus.

The very first Dig it Days was launched last summer by Yellowstone County News as a unique fundraising event that offers a wonderful experience for the whole family— fun, educational and entertaining.

With the biggest display of static heavy equipment, trucks, farm equipment, and emergency services vehicles ever assembled in Yellowstone County, kids explored, inspected, crawled around, climbed on, up and over the equipment, taking pictures and pretending to operate, unimpeded by time restraints or silly “rule-making” adults.  They were able to operate a back hoe for real and play to their hearts content in a mountain of sand, with lots of toys. Booths offered other fun activities and food. There were free t-shirts, and admission was $5 per person with the proceeds going to local non-profit organizations for children.

Sponsors, which included Northwestern Energy, RDO, Knife River, and Exxon Mobile Pipeline Co, remain excited about the opportunity Dig It Days offers to introduce children to the world of construction on the way to shaping future careers and an understanding of the world. Despite this year’s disappointment they too are looking forward to producing an even greater event next summer.

Dig it Days is the kind of event that Jonathan and Tana McNiven, owners of the Yellowstone County News, have always wanted to be part of. “It’s educational, family wholesome, constructive and supportive of business and the community,” said McNiven.

Denbury Resources, Inc., a Texas-based oil company doing business in eastern Montana, has petitioned for Chapter 11 bankruptcy.

Denbury was noted for its focus on recovering stranded oil reserves from mature fields using enhanced oil recovery, including sequestering carbon dioxide, which was extracted from fields in Wyoming.

The company is hoping to shed about $2.1 billion of its bond debt. It has secured lenders for interim funding and anticipates continuing its operations and paying employees wages and benefits.

“We look forward to emerging a financially stronger company, and we are excited about building on the multiple advantages of our unique CO2 EOR (Enhanced Oil Recovery) focused strategy for many years to come,” said Denbury’s President and CEO, Chris Kendall 

The U.S. Department of Commerce reported June 25th that new orders for U.S. manufactured goods shot up 15.8 percent in May, recovering some of the steep coronavirus-related losses suffered in March and April.

New orders for U.S. manufactured goods stood at $194.4 billion for the month of May, compared to $167.8 billion in April.

May’s significant gain was overwhelmingly led by the transportation equipment sector, which rocketed by an unprecedented 80.7%. Transportation equipment orders stood at $46.9 billion in May.

Additional industries posting significant gains in new orders included motor vehicles & parts (+27.5%); primary metals (+9.1%); fabricated metals (+7.1%); and computers & related products (+4.2%). fabricated metals (+%); motor vehicles & parts (-1.6%) and fabricated metals (-1.5%). Notably, all manufacturing subsectors posted a gain in new orders – the reverse of April and March’s report in which most sectors posted a loss.