HELENA, Mont. – After welcoming a manufacturer’s $125 million investment in Montana, specifically Glendive, on Wednesday, Governor Greg Gianforte yesterday promoted the state’s business climate and sustained job creation at the Montana Chamber of Commerce’s Business Days at the Capitol.
“By reforming our tax code and cutting back the thicket of red tape tying up job creators, we’re helping Montana businesses grow and attracting investment to the Treasure State,” Gov. Gianforte said. “There aren’t better advocates for Montana’s small businesses than Todd O’Hair and the Montana Chamber of Commerce, and I look forward to continuing our work together to make Montana the best state in the country to do business.”
In a discussion with Todd O’Hair, president and CEO of the Montana Chamber of Commerce, the governor highlighted companies which have recently expanded in or relocated to Montana.
Since last summer, Gov. Gianforte has celebrated Dvele’s $80 million investment in Butte to create nearly 500 jobs, VACOM’s $90 million investment in Lewistown to create 500 jobs, and Brixtel Defense’s $125 million investment in Glendive to create 350 jobs, among others.
Delivering on his promise to help Montanans keep more of what they earn and encourage small business growth, Gov. Gianforte last year lowered the income tax rate most Montanans pay from 6.75 to 5.9%. When the governor took office in 2021, the rate was 6.9%.
To improve Montana’s business climate, the governor has also reformed the business equipment tax to ease the burden on small business owners, made Montana’s capital gains tax rates the fourth lowest in the nation, invested to boost trades education and build a stronger workforce, advanced reforms to increase Montanans’ access to more affordable housing, cut unnecessary, burdensome regulations, and made historic investments in infrastructure.
As a result, Montana has created more than 40,000 jobs since Gov. Gianforte took office in January 2021, and saw record business creation in 2023, with more than 60,000 new businesses.
“On behalf of the business community, thank you for all the work you’ve done to make Montana open for business,” Todd O’Hair said to conclude the discussion.
Press release provided by Governor’s office
