Montana’s tech industry hits record $2.9B in revenue

Montana’s high-tech companies overcame and even benefited from the dynamics of a pandemic economy in 2020, generating more than $2.9 billion in revenues and growing at rates up to seven times faster than the statewide economy, according to a survey conducted by the University of Montana Bureau of Business and Economic Research.

The study found that Montana’s high-tech industry employs about 15,772 workers, and Montana High Tech Business Alliance members pay an average annual salary of $73,100, 59% higher than the average earnings per Montana worker. Alliance members expect to add 1,500 new jobs in 2021.