Discover Insights: Montana’s Business Growth Report Unveiled by Secretary of State

GREAT FALLS — Montana is experiencing impressive growth in its business sector. According to the Montana Business Economic Report, 63,808 new businesses started in 2024. This brings the total to over 324,000 businesses operating successfully in the state.

Secretary of State Christi Jacobsen emphasized this positive trend, saying, “We’re open for business in Montana. This is where new ideas come to life.” In fact, new business registrations rose from 60,000 in 2023 to over 63,000 in 2024, showing a steady increase in entrepreneurial activity.

As we move into 2025, the momentum continues, with over 6,200 new businesses registered in January alone. Jacobsen attributes this growth to Montana’s efforts to simplify processes for entrepreneurs and reduce bureaucratic obstacles. “Cutting red tape makes it easier for businesses to start and thrive here,” she noted.

One of the standout features is Montana’s low business filing fees, which remain the lowest in the country. The state is also waiving the annual report filing fee again this year, further supporting business owners.

Jacobsen highlighted the essential role of small businesses in the economy: “All of the economy starts with small businesses. That’s where it where it all happens.” This growth is visible statewide, with cities like Great Falls seeing particular excitement.

Jolene Schalper, Executive Vice President of the Great Falls Development Alliance, shared her optimism. She mentioned that Great Falls is a stable community that continues to grow. “Since COVID, we’ve noticed an increase in both population and business,” she explained.

She also pointed out that the city has a full pipeline of growth opportunities. “We want to bring more money into our economy and create higher-wage jobs. Our goal is to build a community where everyone can afford housing, childcare, and education,” Schalper added.

Currently, there are fewer vacancies in downtown and industrial areas. The focus is now on developing online products and businesses to ensure continued growth in Great Falls, also known as the Electric City.

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