AP NEWS

Montana tech industry generated record $2B in revenue in ’18

March 23, 2019

MISSOULA, Mont. (AP) — Montana’s tech industry recorded $2 billion in revenue in 2018, double the amount from just two years ago.

According to a new report this past week by the University of Montana Bureau of Business and Economic Research, the high-tech industry in Montana is growing nine times faster than the statewide economy and pays an average of nearly $70,000 per job.

The Missoulian reports that Montana high-tech companies expect to increase wages by 5 percent in 2019, add 1,700 new jobs and make at least $125 million in capital investments.

The UM bureau was hired by the Montana High Tech Business Alliance to survey tech companies and analyze the industry for the fifth year in a row.

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Information from: Missoulian, http://www.missoulian.com