Friendly regulation in Big Sky Country gives your business space to grow, but worker productivity is confining.
Montana Score and Ranking
Category | 2021 Score | 2021 Rank | 2019 Rank | 2021 Grade |
---|---|---|---|---|
Cost of Doing Business | 234 | 20 | 11 | B |
Infrastructure | 150 | 43 | 29 | D |
Life, Health & Inclusion | 223 | 17 | -- | C+ |
Workforce | 116 | 48 | 37 | F |
Economy | 147 | 18 | 40 | B |
Business Friendliness | 152 | 5 | 23 | A- |
Access to Capital | 41 | 41 | 40 | F |
Technology & Innovation | 74 | 35 | 39 | D+ |
Education | 77 | 28 | 34 | C+ |
Cost of Living | 36 | 27 | 33 | C |
Overall | 1250 | 34 | 33 |
Economic Profile
Governor: Greg Gianforte, Republican
Population: 1,080,577
GDP growth (Q1 2021): 7.2%
Unemployment rate (May 2021): 3.6%
Top corporate tax rate: 6.75%
Top individual income tax rate: 6.9%
Gasoline tax: 32.75 cents/gallon
Bond rating (Moody's/S&P): Aa1, stable/AA, stable
Major private employers: Wal-Mart, Albertson's, Glacier Bancorp
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence