Category: Business
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Assuming Leadership Roles at Stockman
Glendive Market President Jim Trotter has been promoted to Eastern Montana Regional President and current Eastern Montana Regional President, Brian Cooley, Miles City, will assume a new corporate systemwide role, effective January 1, 2025. Trotter will have oversight of all the eastern Montana Stockman Bank locations, which include Miles City, Hysham, Terry, Glendive, Richey, Wibaux,…
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Minnesota Business Moves to Billings
It works. Promoters of Montana as a great place to do business quite often achieve great success in convincing entrepreneurs to move their businesses to Big Sky Country. It certainly worked in convincing Peter Johnson to move his businesses – Archway Defense and Deep Attic to Billings from Minnesota. A ribbon cutting last month at…
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Top Two Coolest Things
Not long ago The Montana Chamber of Commerce asked the public to submit nominations for “The Coolest Thing Made in Montana.” The contest was to celebrate and promote the innovation, craftsmanship, and economic impactof Montana’s thriving manufacturing industry. The Chamber has announced the winners in two categories – – one representing small business and another…
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Outdoor Montana is the Tops
Montana has been ranked as the top state in the nation for outdoor enthusiasts. “Montana is best known around the world for our beautiful vistas and wide-open spaces,” Gov. Greg Gianforte said. “This report confirms what Montanans already know: our outdoor recreational opportunities are the best in the country thanks to our work to boost…
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Colstrip Launches First High Voltage Transmission Line
Community leaders in Colstrip celebrated a $700 million investment in bolstering affordable, reliable energy in Montana through the North Plains Connector Interregional Innovation project. The project includes the development of the first high voltage transmission line between Montana’s east and west power grids. Gov. Greg Gianforte joined Colstrip leaders in recognizing the significance of the…
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Simms Fishing Products Sells, Again
The Bozeman –based company Simms Fishing Products is to be sold again as part of a group of companies being purchased by Revelyst for $1.125 billion. The deal is expected to close in January. Revelyst includes the brands Bushnell Golf, Bell, Giro and CamelBak in addition to Simms, and is a division of Vista Outdoor…
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Ranch House Seeks Tax Rebate To Support Expansion Plans
Project Meats, also known as Ranch House is seeking a tax abatement for the renovation of their new facility at 2032 Old Hardin Road in Lockwood. Owners of the 17 –year –old business, Shane and Tanya Flowers plan to invest $1.1 million to continue to expand their meat processing and retail sales business. They process…
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Nuclear Struggles Against Subsidies
Microsoft and Constellation Energy plan to spend $1.6 billion to restart the reactor at Three Mile Island. Oracle announced it will build a data center powered by 3 small modular reactors (SMR), as have other companies. While the increasing interest in nuclear fuel is welcomed by most, the renaissance is threatened by the “massive subsidies”…
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Immigrants Impact Housing Costs, But Immigrants Build Houses, Too
A Cato Institute scholar makes a point that is not being readily recognized in the issue of housing and the impact of immigrants. While immigrants do increase the demand for housing, immigrants also, disproportionally, comprise most construction workers who build new houses. Alex Nowrasteh, vice president for economic and social policy studies at Cato, states…
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Record High New Businesses; Second Fastest Wage Growth
Montana’s Department of Labor & Industry (DLI) Commissioner Sarah Swanson issued an upbeat labor report on Labor Day. The report shows employment continues to grow, unemployment remains near record lows, and wage growth over the last year resulted in an increased standard of living for Montana workers. A significant finding is that Montana ranks 2nd…