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

Banks See High Demand for Loans and Refinancing

Ever since the COVID-19 pandemic began closing businesses and lowering interest rates, banks in the Flathead Valley are reporting high numbers of phone calls, loan applications and mortgage refinances. Banks have seen a lot of activity through the Small Business Administration’s $349 billion federal Paycheck Protection Program (PPP), which authorizes forgivable loans to small businesses Read More…

From chew toys to medical masks: Montana’s hardest hit county fights back against coronavirus

Bozeman, Montana has a population of 48,532, but just like big cities in New York and California, this small city in the southern part of the state has seen the demand for medical masks skyrocket. Located in Gallatin County, Bozeman is home to more than one third of Montana’s confirmed COVID-19 cases, and is by far the hardest hit county in Read More…

Work starts in Montana on disputed Canada-US oil pipeline

BILLINGS, Mont. — A Canadian company said Monday that it’s started construction on the long-stalled Keystone XL oil sands pipeline across the U.S.-Canada border despite calls from tribal leaders and environmentalists to delay the $8 billion project amid the coronavirus pandemic. A spokesman for TC Energy said work began over the weekend at the border crossing Read More…

KOA seeing nationwide cancellations of campgrounds because of coronavirus

Kampgrounds of America (KOA) finds itself on the front lines dealing with the COVID-19 outbreak. Not only has the coronavirus forced the company’s Billings headquarters into a “work-from-home operation”, but KOA’s network of campgrounds nationwide are front and center as the country fights back against the virus. President and CEO Toby O’Rourke took to the Read More…

Billings Shiloh Crossing restaurants see less weekend customers after stay at home directive

BILLINGS — Billings restaurants in the Shiloh Crossing shopping complex are seeing up to a 50 percent loss of sales Saturday following Governor Steve Bullock’s directive to stay at home. “As you can see, around the parking lot, it’s been dead. Our revenue has been cut in half. It’s just been me and my manager doing everything since Read More…

Missoula business owners take precautions before government regulations

MISSOULA, Mont. — On Monday, Missoula City-County Health officials announced an order closing bars and limiting restaurant service starting at 8 a.m. Tuesday through 8 a.m. Tuesday, March 24. The health department is doing this to follow guidelines set out by the Centers for Disease Control. “It’s not just about money, it’s really about the ethics Read More…

Commerce announces Montana Main Street Program

The Montana Department of Commerce announced that five Montana communities have been accepted to become affiliate members of the Montana Main Street Program. The program helps Montana communities strengthen and preserve historic downtown commercial districts by supporting economic development, urban revitalization and historic preservation through long-range planning, organization, design and promotion. “The Department of Commerce Read More…

KALISPELL TECH COMPANY ‘HIRING LIKE CRAZY’

This year, WaterStreet Company is celebrating its 20th year of business in the Flathead Valley. The Kalispell technology company has quietly grown to include 80 local employees and software clients across the country. In 2020, they expect to eclipse the 100 employee mark. “We’re hiring like crazy,” said WaterStreet’s Vice President of Marketing Erica Schatte. Read More…

University of Montana economists tout Billings economy during stop

BILLINGS — Economists with the University of Montana touted Billings’ economic health during a Tuesday luncheon at the Northern Hotel. Patrick Barkey, the University of Montana Bureau of Business and Economic Research director, said Billings has had good construction activity, a healthy real estate sector and financial institutions that are doing well. “Billings is the Read More…

Berkadia Secures $30M for MF in Montana

Berkadia secured $30.3 million in financing for Talus Apartments, a 288-unit garden-style multifamily community in Great Falls, MT. Seattle-based Investors Capital Group, LLC, was the borrower. The 10-year Freddie Mac loan features a full-leverage loan with partial-term interest-only. Located at 2100 26th St. S, the community was constructed in two phases from 2015 to 2018. Read More…

‘An earthquake’: The deal that changed Montana’s insurance market

Two decades ago, four Montana hospitals tried something new. They bankrolled a company to compete with the most powerful insurer in the state. The hospitals wanted to challenge what they described as Blue Cross Blue Shield of Montana’s “dominating presence.” So they founded insurer New West Health Services in 1998 to cover hospital employees and Read More…

Port of Northern Montana Confirms Significant Low Cost Renewable Electrical Power Availability at Shelby Data Center Development Park

SHELBY, Mont., Jan. 27, 2020 /PRNewswire/ — The Port of Northern Montana has recently confirmed that it has a significant amount of low-cost renewable electrical power available at its Data Center Development Park in Shelby. In particular, as a result of a cooperative arrangement with NaturEner USA, there is approximately 10 megawatts (MW) of renewable electrical power currently available at the Shelby Data Center Read More…

Bozeman airport brings first direct Nashville flights to Montana

BELGRADE, Mont. – Montanans are ready for takeoff to the country music capital Nashville, Tenn. for the state’s first direct flight to Music City, USA. Montana’s busiest airport, Bozeman Yellowstone International Airport, is getting ready for a new direct flight to Nashville through Allegiant Airlines. You can start booking flights now for nonstop service, with Read More…

Montana apprenticeship program graduates first brewer

To celebrate his graduation, Nicholas Balcken will likely raise a glass — of Blackfoot River Brewing Company beer. On Friday, Balcken became the first participant in the Montana Registered Apprenticeship Program to receive a Professional Brewer Certificate. With this credential, the Blackfoot River Brewing Co. employee said, “I hope to be able to develop better beers and improve my Read More…

Helena rancher representing Montana at 101st American Farm Bureau Federation’s Annual Convention

HELENA — A third-generation rancher from Helena, Montana won the Montana Farm Bureau Young Farmer and Rancher Discussion Meet back in November. The prize was a brand new Polaris Ranger and an all-expense paid trip to compete in the national competition in Austin, Texas coming up in January. Rocky Forseth says, “We can take a Read More…

CBD manufacturing company opens in Ronan

RONAN – The first hemp-processing license in the State of Montana was issued to a Ronan business in November from the Montana Department of Agriculture. Green Ridge Biosolutions moved into a 15,000 square-foot building at 63298 U.S. Highway 93, located near the Ronan arch, in September. Sam Belanger, chief operations officer, said he looks forward Read More…

Montana clothing company sues over use of copyrighted camouflage design

BILLINGS — Montana clothing company All Season All Terrain (ASAT) Outdoors is suing New York-based fashion company Supreme for copyright infringement after Supreme sold clothing printed with a copyrighted camouflage design, according to court documents. Stevensville based ASAT Outdoors filed the suit on Nov. 11 in New York District Court. The Montana company claims to Read More…

Montana Apprenticeship Program signs 1st caregiver agency

BOZEMAN, Mont. — The first caregiver organization signed up for the Montana Apprenticeship Program Thursday. The program will provide 14 caregivers with dementia training at First Choice Home Health in Bozeman, where they say most of their patients are suffering from some form of dementia. In 2017, there were 287 deaths caused by dementia and Alzheimer’s Read More…

Montana’s Small Business Development Centers Expand Access to Services and Rural Outreach

HELENA, Mont. – Three Small Business Development Centers are expanding access to services and outreach to rural areas by hiring additional staff to better serve small business owners and entrepreneurs across Montana. The Great Falls SBDC, based at the Great Falls Development Authority (GFDA), has hired a rural business adviser – a new position created to make business Read More…