• In a rush to cinch political agendas before the end of the current Administration, well over a thousand new rules and regulations, on businesses and industry, have been imposed by federal agencies, over the past few months. That includes 192 major rules, with 16 more “in the hopper”. Major rules are identified as those rules which will each cost the
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  • A majority of respondents to the Montana Chamber of Commerce Power-base survey say that they would support capping the Coal Tax Trust Fund at $1 billion and using future revenues to fund infrastructure in Montana.There is widespread consensus among Montanans, according to the Poll, that the state’s business community deserves the most credit for economic growth, not public officials.
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  • If they don’t turn to market solutions, it’s hard to imagine how anyone, no matter their party affiliation, is going to “fix” problems with Obamacare. The reason the problems — which were wholly predicted by opponents – exist is because planners ignored or attempted to short-circuit the market.
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  • No one expressed any doubt that things will change with the Affordable Care Act during the Montana Healthcare Forum, but no one knew what those changes will be.It will be, without doubt, “choppy waters” rather than “smooth sailing,” going forward, Kim Gillan, director of U.S. Department of Health and Human Services Region VIII, told some 200 attendees at the Double
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  • The Montana Department of Transportation has announced that at least $127 million in highway construction projects will be delayed until May 2017 due to lack of funds. Darryl James, Executive Director of the Montana Infrastructure Coalition called the news “devastating.” The Governor’s budget not only fails to shore up the budget, but cuts it $200 million more from the FY18 budget.
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  • 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.
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  • The controversy of a proposed local option tax; details of a pending merger of Community Development Companies; an update regarding the GE Building; plans to convert the Corette industrial site to a park; and election of 2017 officers were among business before the joint meeting of the boards of Big Sky Economic Development Authority (BSED) and the Big Sky Economic
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  • A proposed Targeted Economic Development District (TEDD) in Lockwood was approved, by Yellowstone County Commissioners, following two years of research, study and planning. The TEDD — a tax increment financing district – will help finance infrastructure for an industrial park, being proposed by Big Sky Economic Development (BSED).
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  • In a world where most entrepreneurs can just start a business wherever they think they can succeed, it is a surprise to most people to find out that some aspects of the healthcare industry must prove, first, that there is a need for their facility or service.
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  • The Montana Women’s Run has donated $101,000 to women’s health and fitness programs in the Billings community from funds raised this year. This year’s donation puts total donations made by the Women’s Run to local organizations over $1 million.This year’s funds are donated to YWCA, $40,000; Billings Clinic Foundation, $30,000; Rocky Mountain College Women’s Cross-Country Scholarship Program, $5,500; MSU-B Women’s
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  • The 2017 Montana Economic Outlook Seminar will be held in Billings on January 31, 2017 at the Double Tree. The annual event – marking its 42nd year — produced by the Bureau of Business and Economic Research at the University of Montana is presented in a series of Montana cities.
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  • First Interstate BancSystem, Inc. has acquired Cascade Bancorp, parent company of Bank of Cascades. The transaction involved cash and stock for approximately $589 million , or $7.60 per share based on the First Interstate closing price of $38.30 per share on November 16, 2016. The transaction creates a unique regional banking franchise that extends from the Mountain West to the Pacific
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Partly Cloudy
Humidity: 43%
18 mph
Wed
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Thu
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Market Update

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