States like Montana, Idaho and Utah have grown faster than much of the rest of the country, something that political leaders and business leaders in Montana attributed to both the lifestyle, business environment and politics of the state.
“As people look for places to live, they look for quality of life, but also quality management from government officials,” Senator Steve Daines, R-Mont., Told Fox Business. “They see it in Montana.”[ads1];
“When you see the increasingly heavy hand of big governments in coastal states like California, New York, Washington, the American people long for freedom, they long for quality of life as well as quality of leadership,” he added.
According to Pew, Montana was the third fastest growing state between July 2020 and July 2021, behind Idaho and Utah. Seventeen states saw population declines during the year, including New York, California, Hawaii and Illinois.
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At the “Montana on the Rise” economic summit, hosted by Daines and the Montana Chamber of Commerce, Bill Moseley, CEO of GL Solutions, said Montana’s regulatory policy is “unique” compared to state policy. like Oregon, where they «regulate everything».
Will Lansing, CEO of FICO, noted that “the pro-business environment is huge and it is not like that everywhere in the country.”
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“Montana is open to businesses with a pro-business policy,” Montana Gov. Greg Gianforte told Fox Business. “We have many entrepreneurs who move here. We remove the friction, we lower taxes, we reduce the regulations.”
Kevin O’Leary, known as Mr. Wonderful in the hit show Shark Tank, noted that states across the country competed with each other for business, and places that Montana won.
“It’s a very interesting competition that starts between states,” O’Leary said.
“New York: awful for business. New Jersey: awful for business. Massachusetts: awful awful for business. California is not in business,” he added.
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As proof of this, O’Leary, along with Daines, Gianforte, Confederated Salish and Kootenai Tribes secretary Martin Charlo, and Bitzero CEO Akbar Shamji announced at the summit that a Bitzero data center will be built in Montana, using hydropower.
However, growth in states like Montana is not without pain. Former United States Senator Max Baucus, a Democrat who has represented Montana in the U.S. Senate for 35 years, said the state of affairs has changed somewhat.
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“The character of the state is changing a little,” he said. “There is growth pain. There are housing problems. And the character of walking down the street in the center [Bozeman] has changed a bit compared to what it was 50 years ago. ”
Gianforte also recognized the workforce and housing challenges that have come with a rapidly growing population.
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“We have an acute housing shortage in this country, especially in states with a net influx of people, it is even more acute,” Gianforte said. “We believe a free market solution is the right solution. We have a streamlined permit … increase supply so that you can catch up with demand in the residential area.”
Between August 2020 and August 2021, house prices in Montana rose the third fastest in the nation, behind Idaho and Arizona, a report from CoreLogic showed.