Featured Articles in Montana Business News

NorthWestern Energy Reaches Settlement Agreements in Montana Rate Review

NorthWestern Energy has reached key settlement agreements with several major stakeholders in its ongoing regulatory rate review for electric and natural gas services in Montana. The agreements, if approved by the Montana Public Service Commission (PSC), would result in modest increases in residential utility bills, helping to fund continued investment in safe and reliable energy Read More…

Gianforte Celebrates Ribbon Cutting for Amazon’s New Facility in Belgrade

Governor Greg Gianforte joined U.S. Senators Steve Daines and Tim Sheehy to officially cut the ribbon on Amazon’s new 50,000-square-foot delivery station in Belgrade. The state-of-the-art facility is part of Amazon’s continued expansion in Montana, representing a $27 million investment and creating dozens of jobs in Gallatin County. “Montana is open for business, and Amazon’s Read More…

SITKA Announces Sales Team Expansion and Territory Realignment

SITKA Gear, a leader in high-performance hunting and outdoor apparel, announced a series of strategic changes to its sales team aimed at aligning talent with the company’s evolving business priorities. The adjustments include the addition of three new sales representatives and a significant territory expansion for a veteran team member, all designed to strengthen retail Read More…

All in: Montana Business News

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…

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…