Montana 24th Best State for Business

Tuesday, November 18, 2014   /   by Jason Schaefer

Montana 24th Best State for Business

Taking into account 36 factors - including business costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life. There were 11 different sources used in compiling data for the research.

According to Forbes, Montana's economy held up better than most during the economic downturn. Recently, unemployment has hovered around 4.6%. Of note, over the past 3 years, Montanans have launched more new businesses per capita than any other state, according to the Small Business Administration. With nearly two-thirds of Montana land dedicated to agriculture and ranch land, this continues to be a major employer in the state.

The projected annual job growth is 1.2% and the annual median household income is $45,665. Overall, Montana was just behind South Carolina and ahead of Kansas.

Source: Missoulian

The Schaefer Team - Windermere Real Estate
Jason And Alana Schaefer
2800 South Reserve
Missoula, MT 59801
Jason - (406) 493-4262
Alana - (406) 493-0066

© 2018 Montana Regional MLS. Information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed and should be independently verified. Data updated 8/20/2019 1:25 AM CST.