Featured Articles in Montana Business News

Bridger Aerospace and Positive Aviation Forge Strategic Partnership to Develop Water-Scooping Aircraft

Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER, BAERW), one of the largest aerial firefighting companies in the United States, has announced a groundbreaking partnership with Positive Aviation, Inc. (PA), a Blagnac, France-based engineering firm, to develop and deploy the innovative FF72 amphibious water-scooping firefighting aircraft. The partnership, formalized today through a Memorandum of Understanding (MOU), Read More…

Montana’s Unemployment Rate Holds Steady at 2.8% for February, Continuing Historic Low

Governor Greg Gianforte announced that Montana’s unemployment rate remained at 2.8% in February, marking the 44th consecutive month of unemployment at or below 3.4%—a historic low. The strong labor market continues to be a key indicator of Montana’s resilient economy. “Montana’s economy is strong, adding 3,000 new jobs and reaching a record-high labor force of Read More…

CoreWeave’s Nasdaq Debut Falls Flat, Valued at $23 Billion Despite Tepid Response

CoreWeave, an AI infrastructure firm backed by tech giant Nvidia, made its Nasdaq debut on Friday with a less-than-enthusiastic response from investors. The company’s shares closed flat after opening nearly 3% below their offering price, giving it a valuation of $23 billion on a fully diluted basis. The lackluster performance has raised concerns about the Read More…

All in: Montana Business News

Neptune Aviation lands $2M state grant for hangar acquisition, job creation

MISSOULA — The Missoula County Airport Authority this week approved a $2 million state loan for Neptune Aviation to fund the purchase of two aircraft hangars and the creation of dozens of new jobs. Neptune, a national aerial firefighting company based at Missoula International Airport, purchased the hangars last September from Homestead Helicopters. The hangars Read More…

FYR Diagnostics Partners with The State of Montana to Expand COVID-19 Testing

MISSOULA, Mont., Dec. 31, 2020 /PRNewswire/ — FYR Diagnostics, a Missoula-based biotech company, has executed a contract with the State of Montana that will increase statewide COVID-19 testing capacity and reduce the time patients must wait to receive results. Adding FYR as a primary testing resource will keep test processing within Montana and alleviate pressure on the state laboratory in Helena. “Even with the Read More…

MONTANA CHAMBER FOUNDATION HOSTS THE PROSPECTS

HELENA – The Montana Chamber Foundation announced today its plans to host The Prospects, a statewide high school business plan and pitch competition. As a part of Envision 2026, the Montana Chamber of Commerce’s ten-year strategic plan, the organization is working to build an opportunity for business growth and prosperity by improving Montana’s talent pipeline Read More…

Whole Foods coming to Big Sky country

FRAMINGHAM — A Framingham development company is co-redeveloping a Montana mall and bringing the first Whole Foods Market to the western state. Framingham-based Grossman Development Group, LLC, is partnering with Boston Realty Advisors/The Broadway Company and the ownership of the Gallatin Valley Mall in Bozeman, Montana, to redevelop the shopping center that serves a five-county trade Read More…

High Demand and High Prices for Forest Products

As the unpredictable nature of the coronavirus pandemic continues to affect every industry differently, sawlog prices in Montana are reaching record levels, said F.H. Stoltze Land and Resource Manager Paul McKenzie. “The product demand has increased dramatically in general forest products,” he said. According to the University of Montana Bureau of Business and Economic Research Read More…

Report: Registered apprenticeship program has been a boon to businesses and job seekers

MISSOULA — Over the past 20 years, Montana’s registered apprenticeship program has sent more than 3,300 workers into good-paying jobs, with another 2,400 on the way, according to a new report. On Wednesday, Gov. Steve Bullock summarized the findings of a Department of Labor and Industry report on Montana’s Registered Apprenticeship program and praised the role that Read More…

Montana manufacturers to offer tours as part of national event

BOZEMAN — Manufacturing companies around Montana will offer virtual and in-person tours of their operations throughout October as part of a national effort that kicks off with National Manufacturing Day on Thursday, Oct. 1. The Montana Manufacturing Extension Center at Montana State University is encouraging Montana manufacturers to host the tours and is available to Read More…

Kimpton Armory Hotel In Montana To Debut August 18

Kimpton Hotels and Resorts newest hotel, the Kimpton Armory Hotel in Bozeman, Montana, will debut August 18, becoming the brand’s first property in Montana. Located in a landmark National Guard Armory building joined by a new tower in Bozeman’s downtown, the hotel blend “Montana’s rugged beauty and the storied history of the building” with modern amenities. This Read More…

FedEx Express, Ground operations in Montana city to run in same building

FedEx Express and FedEx Ground employees in a Montana city will soon be working in the same building, and, for some shipments, together. FedEx Express employees in Kalispell, Montana, will conduct operations at FedEx Ground’s facility there once a building lease begins August 31. The two companies’ work in that building “will remain independent of Read More…

Biotech Company Announces $22 Million Investment Led by Mike Goguen’s Firm

Inimmune, a Missoula-based biotech company founded by nationally recognized vaccine scientists that has been working on a vaccine for COVID-19, announced today that it has raised $22 million in Series A funding led by Two Bear Capital, a venture-capital firm founded by Whitefish philanthropist Mike Goguen. The firm plans to use the Series A investment Read More…

Whitefish Mountain Resort takes extra safety precautions during pandemic

WHITEFISH — Whitefish Mountain Resort is taking extra precautions for all of their activities on the mountain due to coronavirus concerns. Elyse Knudsen, risk control manager with Whitefish Mountain Resort, said that the resort is being extra careful with guests. Before the summer season started the resort assessed all possible contact points between guests and Read More…

Former market president for Rocky Mountain Bank accused of bank fraud, related crimes

BILLINGS- A former market president for Rocky Mountain Bank has admitted to fraud and money laundering crimes. A release from the Department of Justice says 46-year-old Stephen Phillip Casher was charged in a 14-count superseding indictment alleging bank fraud and related crimes. The prosecution presented evidence in court records at trial that Casher worked as Read More…

Whitefish Mountain Resort to open for season

KALISPELL, Mont. — Summer officially begins at Whitefish Mountain Resort this Saturday. The resort will be opening nearly all its outdoor activities, including over 30 miles of mountain bike trails. As snow continues to melt, more trails will open throughout the season. The resort will also be opening three brand-new trails expected to be completed by Read More…

MT Supreme Court overturns ruling which blocked permit for Creston water plant

There’s another twist in the years-long legal battle over the operation of a Creston bottled water plant, with the Montana Supreme Court overturning a lower court ruling which had blocked permits. Local residents and conservation groups have been fighting the plans of Montana Artesian Water Company to pump enough water to fill more than 1-billion Read More…

State receives more than 9,600 COVID-19 relief grant applications

More than 9,600 COVID-19 relief grant applications have been submitted to the State of Montana since applications opened last Thursday. Last week, Governor Bullock announced $123 million in CARES Act funding for nine new grant programs that are designed to address key COVID-19 issues Montanans are facing. As of the beginning of the business day May 13, the Montana Read More…

Secretary of State: Montana business registrations drop by 11,000 from last year

MISSOULA, Mont. — Montana Secretary of State Corey Stapleton noted that 11,000 fewer businesses renewed their state registrations by April 15 this year in comparison to last year. The statistic was highlighted in Stapleton’s Montana Business Forecast on Sunday. “The economic, social, and health-related disruptions from the coronavirus are historic,” Stapleton wrote in the emailed forecast. Read More…

$10 million in funding announced for Montana child care facilities

HELENA- Montana child care providers are eligible for funding through the CARES Act Child Care and Development Block Grants. The $10 million in federal CARES Act funding was announced Wednesday, and is to provide support for existing child care providers, assistance for low-income families participating in the Best Beginnings Scholarship Program and will fund emergency Read More…