Pillar 2: Create A Climate That Attracts, Retains, And Grows Businesses
By capitalizing on and supporting Montana’s entrepreneurial spirit, businesses will thrive and Montanans will prosper.
We have a strong entrepreneurial spirit in Montana. New businesses have added over 70,000 jobs since 2007, helping to lead the way out of the Great Recession. Over 20 percent (20.3 percent) of Montana households have at least one member who owns a business, ranking Montana fourth highest for business ownership in the nation. This is a great foundation for economic growth – a strength we can leverage to build our own Main Street job opportunities.
Montana businesses will grow and flourish in a business-friendly environment – an environment without unnecessary regulation and where government approaches businesses with a spirit of customer service and assistance. We know job growth comes from the private sector. Government can support that growth by opening doors and providing predictable and transparent regulation, supporting Montana’s entrepreneurial spirit and work ethic.
Businesses need access to capital to grow. Creating partnerships between the public and private sector can help identify gaps in lending and investment resources, and address methods for increasing access to capital. Traditional leaders, venture capital funds and angel investors are already operating within our state. Businesses can benefit from improved coordination and promotion of these capital resources, helping us reach our economic goals.
Montana has a complex landscape of economic development organizations that work very hard to promote and grow local and regional economies. Through better coordination and communication, we can help these organizations reach their full potential.
Up and down Main Streets all over Montana, entrepreneurs and workers are providing quality goods and services. Through the recommendations contained here, we hope to open doors and pave the way for continued economic success. By capitalizing on and supporting Montana’s entrepreneurial spirit, businesses will thrive and Montanans will prosper.