WASHINGTON—Union Pacific is seeking to keep video footage of remarks by Chief Executive Jim Vena out of the public record as the railroad and Norfolk Southern press ahead with their proposed merger before the Surface Transportation Board. The dispute centers on comments Vena made in March at a Southwest Association of Rail Shippers conference. Merger Read More…
HELENA, Mont.—The Montana Department of Labor and Industry has secured $4.8 million in federal funding to expand workforce training programs led by employers in high-demand industries, including advanced manufacturing, technology and construction. The funding comes through the U.S. Department of Labor’s Industry-Driven Skills Training Fund. Montana is one of seven states receiving a share of Read More…
WASHINGTON—The U.S. Treasury Department announced enforcement actions against Bank of America for violations of federal anti-money laundering and sanctions laws, including failures to report more than $5 billion in suspicious financial transactions. The actions involve three federal regulators and include the third-largest penalty in Treasury history and the largest penalty ever assessed by the Office Read More…
If you think your energy costs are high now, the situation may be about to get a whole lot worse. With traffic in the Strait of Hormuz – normally the primary route for oil leaving the Middle East – hovering below 15% of prewar levels, oil prices have increased from US$65 a barrel before the Read More…
The Miles City Area Economic Development Council (MCAEDC) learned at its meeting Thursday that the small business development center (SBDC) will be moved from Colstrip to Miles City. The SBDC was created in 1989 to provide free one-on-one advising to business entrepreneurs. It offers financial analysis, business planning, operations assistance, marketing and social media assistance, Read More…
Though it remains on the same foundations upon which it was built more than 30 years ago, the Kalispell Center Mall is a place of constant activity and transition — stores come and go, mall walkers wander the halls, and local groups host community activities there. And while many malls in America are experiencing a Read More…
A business that started in an alley now ships custom metal work around the world. Over the course of seven years, Mick Thompson and his wife Alanna have brought their “back alley” business to the forefront of Red Lodge. From KTVQ
Lissie’s Luv Yums in Great Falls uses Treasure State ingredients to create gourmet dog biscuits for four-legged friends. But as MTN’s Julianne Dellorso reports in this week’s Montana Made, it provides a helping hand for humans, as well. From KBZK
Two of Montana’s neighbors are on the Forbes top ten Best States for Business list – North Dakota and South Dakota. Montana is ranked 23rd. Wyoming is ranked 35th and Idaho, 18th. Released in November, the 11th annual Forbes list puts Utah as the top ranking state, followed by North Carolina, Nebraska and Texas. West Read More…
The Wyoming Department of Environmental Quality (DEQ), Storage Tank Program (STP) reported the highest underground storage tank (UST) operational compliance rates in the country to the United States Environmental Protection Agency (USEPA) during federal fiscal year 2016. STP regulates the installation and operation of regulated storage tank systems (such as gas stations) and oversees cleanup Read More…
Oil climbed to an 18-month high in New York as output cuts by Kuwait and Oman signaled OPEC and its partners are delivering on their agreement to stabilize the market. Futures rose as much as 2.8 percent after adding 45 percent last year, the biggest annual gain since 2009. Officials from Oman and Kuwait told Read More…
A Montana company has been granted a license to build a $1 billion, 400-megawatt power storage project in the central part of the state that would supplement electricity from wind turbines and other sources, according to documents released Thursday by federal regulators. The 50-year license from the Federal Energy Regulatory Commission allows Absaroka Energy, Read More…
President-elect Donald Trump has promised to “save” America’s coal country and put long-suffering miners back to work. From KTVQ
Apple will launch a legal challenge this week to a record $14 billion EU tax demand, arguing that EU regulators ignored tax experts and corporate law and deliberately picked a method to maximize the penalty, senior executives said. From CNBC
Billings based First Interstate BancSystem, Inc. has acquired Cascade Bancorp, parent company of Bank of Cascades. The transaction involved stock and cash of approximately $589 million. Cascade is a community bank based in Bend, Oregon with total assets of $3.2 billion, deposits of $2.7 billion, loans of $2.1 billion and 50 banking offices across Oregon, Read More…
The University of Montana School of Journalism will join other top-tier media schools in the launch of a new Google “News Lab University Network” in an effort to better train new and existing journalists in data, search and emerging technologies. The network is the latest effort by the School of Journalism to deploy technologies to Read More…
To be in business is noble and virtuous. To implement a plan for a good environment in Montana for business will cost Montana Chamber members a million dollars. Business people were called upon by Greg Gianforte to be proud of what they do in the private sector, and to do their part in planting “a Read More…
U.S. officials cancelled 15 oil and gas leases on Wednesday in an area bordering Glacier National Park that’s considered sacred to the Blackfoot tribes of the U.S. and Canada. The cancellation was aimed at preserving the Badger-Two Medicine area, a largely-undeveloped, 130,000-acre wilderness that is the site of the creation story for members of Montana’s Read More…
Frank Gazella Jr.—the founder of Creek to Peak Wear, a new Bozeman-based outdoor apparel brand—exudes an enthusiasm that is nothing short of infectious. A natural entrepreneur, Gazella’s passion and drive has served him, but is not self-serving. Rather, his energy is buoyed by a genuine desire to help other small startups make their vision a Read More…
xAd, the ad network that serves you ads in apps and mobile web pages based on your location, is today announcing another hefty round of funding, as well as its first acquisition in the world of consumer apps to grow its audience and dataset. The company has raised $42.5 million, and it’s buying WeatherBug, the popular weather Read More…
After taking the top spot at Disrupt San Francisco’s Startup Battlefield, Mobalytics has been hard at work preparing to roll out their analytics-driven competitive gaming coach to more and more of the nearly 20,000 users who have signed up for early access. In the six weeks since Disrupt SF, the company has been raising Read More…
CorEnergy Infrastructure Trust (CORR) has announced that a subsidiary of Ultra Petroleum has agreed to assume the lease on its Pinedale Liquids Gathering System without amendment, through a motion filed today in bankruptcy court. CORR is the first publicly listed real estate investment trust focusing on energy infrastructure. According to the CORR website, the Pinedale Read More…
Microsoft Corp. has announced its largest wind power deal to date: 237 megawatts (MW) that will power their data center outside of Cheyenne. This will bring Microsoft’s total investment in wind energy projects to more than 500 MW. This deal will combine a 178 MW from the Bloom Wind project in Kansas with a long-term Read More…
Made in Montana; it’s a slogan you see on everything from huckleberry jams, to jewelry, to films, and of course beer. For breweries, finding that authentic Made in Montana path is as challenging as it is rewarding. Mike and Greg Howard opened Missoula’s Great Burn brewery two and a half years ago. “We’ve been craft Read More…
The election of Donald Trump may mean a new bridge over the Clark Fork River for Missoula. After all, the real estate mogul likes to build stuff, and Trump talked about the need for infrastructure during his raucous campaign. That infrastructure is vital to Montana’s economy and those nurturing growth in the business sector, said Read More…
At Archie Cochrane Ford, a safe culture for its 115 employees led to a big payday Monday. At the Billings auto dealership, officials from the Montana State Fund distributed about $43,000 in dividends from Archie Cochrane workers’ compensation premiums. Archie Cochrane was among the largest recipients in Yellowstone County, which received $4.6 million Read More…
Joyce Kemph and Sue Miller have welcomed people into their Wyoming Home for many years. Now, the co-owners are ready to retire. They want to spend more time with their families and pursue other interests. The owners hope someone will buy the business. “Our dream is that a person or persons with an entrepreneurial spirit Read More…
Governor Bullock announced $1.3 million funding for Montana businesses to expand apprenticeship programs on Thursday morning. Collision Pro Owner Barry Reddick told MTN News that his company has been using the apprenticeship program since 1997. “The program’s helped out business bringing up people from an apprenticeship to a journey level position. It’s helped us, and it’s helped them,” said Reddick. Read More…
The Montana Chamber of Commerce recently released its 10-year strategic plan, which includes goals to increase wages, encourage business growth and improve the state’s infrastructure. The plan, titled Envision 2026, outlines five central objectives that it hopes to tackle over the coming years, as well as specific strategies to achieve the goals and metrics to Read More…
Stockman Asset Management (SAM), an independent Registered Investment Advisor (RIA) and provider of integrated wealth management solutions based in Billings has acquired Peak Investment Management, Ltd. Peak is also an RIA firm based in Missoula. The two firms now offer their services on a larger scale with locations in Helena, Missoula, Conrad and Billings. Peak Read More…
An entrepreneurship support center for Montana State University students, alumni and faculty has won a $50,000 award from the U.S. Small Business Administration to help enhance its business accelerator program, 406 Labs. The Blackstone LaunchPad at MSU was one of 68 programs selected nationwide as winners of the Growth Accelerator Fund Competition on Aug. 31. Read More…
For the first time since March of 2014, oil production in the state of North Dakota has slipped below the one million barrel a day mark. The latest production figures out this week show that in August, North Dakota production slipped to 981 thousand, 39 barrels per day. That represents a drop of some 49 thousand barrels per day, compared to July’s Read More…
Last month, several individuals and businesses in the Gallatin Valley won the lottery. Out of more than 600 applicants in Bozeman and Belgrade, four names were chosen by the Montana Department of Revenue as the winners of the state’s annual liquor lottery. The lottery is part of Montana’s population-based alcohol license quota system, which permits Read More…
General Electric Co. plans to buy a maker of wind-turbine blades for $1.65 billion, bolstering the renewable-energy business amid growing demand for clean power. The deal for Denmark-based LM Wind Power will enhance GE’s ability to serve customers in the onshore and offshore wind markets, the companies said Tuesday in a statement. LM Wind Read More…
Google and Facebook are teaming up to build a 120 Terabits per second (Tbps) submarine cable that will connect Los Angeles with Hong Kong. The two companies are working with Pacific Light Data Communication — a wholly owned subsidiary of China Soft Power Technology that’s relatively new to the sub-sea cable game. Once the Read More…
A man as unique as the Highland cattle herd he manages, Wally Congdon, is an accomplished Montana attorney and the owner and operator of Big Sky Natural Beef. From raising to finishing, Congdon does it all on his western Montana ranch, and has created a market for his grass-fed, all natural Highland beef around Read More…
As Dakota Access Pipeline opponents fanned out and stopped construction at multiple sites again Thursday, Oct. 6, the Morton County sheriff said he has assigned more resources to the area and will call in deputies from other states if necessary to respond to simultaneous protests. “We have basically tapped the resources to a level Read More…
Construction work on the Dakota Access Pipeline is nearly completed along the North Dakota portion of the project route. The September construction report from Dakota Access LLC, a partner of Energy Transfer Partners LP, shows that 87 percent of the project has been completed in the state through the end of the month. This Read More…
Eight North Dakota lenders have earned the 2016 Director’s Award from the U.S. Small Business Administration North Dakota District Office, honoring their participation with SBA in supporting the growth and expansion of small businesses in their communities. The winners are: Dakota Certified Development Corp., U.S. Bank, Capital Credit Union, Choice Financial, VISIONBank, Starion Financial, Town Read More…
One of downtown Helena’s largest employers is ready to make a move to the east side of town. Blue Cross Blue Shield of Montana will start operations Monday at its new headquarters in the Mountain View Meadows subdivision. Leaders say the move will be in several stages and should be finished in about two weeks. Read More…
The three newest members of Montana State University Billings’ Business Hall of Fame will accept individual honors this week, but all of them say they haven’t succeeded without surrounding themselves with a team. “This honor is focused on me, but it shouldn’t. I had the fortunate opportunity to work with tremendous… people,” said Karen Fagg Read More…
A pair of local businesses were honored as part of the 23rd Annual Family Business Day hosted by Montana State University’s Jake Jabs College of Business & Entrepreneurship. Bozeman baked goods company Elliotts of Montana and retailer Wild West Shirt Company were among the six businesses awarded at Friday’s event. Busted Knuckle Brewery in Glasgow, Read More…
Conferences, especially in the technology sector, are great opportunities for people of similar interests to meet up and interact. On Sept. 22, Malta held its Hi-Line Technology Roundup. The free conference focused on the use of communication technologies in a rural environment, with topics relating to remote work, software for ranchers and technological advances in Read More…
Wyoming has the most competitive tax code in the nation according to the 13th annual State Business Tax Climate Index, released today by the nonpartisan Tax Foundation. The report measures how well-structured each state’s tax code is by analyzing over 100 tax variables in five different tax categories: corporate, individual income, sales, property, and unemployment Read More…