By Anna Hensel
Montana’s high tech businesses want to show the rest of the state that they can play a meaningful role in growing the state’s economy — they’re offering higher wages than other businesses in the state, they’re adding more jobs, and they’re expected to experience quick revenue growth.
That’s according to a report out today from the Montana High Tech Business Alliance. The organization, with assistance from the University of Montana Bureau of Business and Economic Research (BBER) has surveyed high tech businesses in Montana for the past four years in order to measure the community’s progress and inform the rest of the state about what high tech businesses in Montana look like.
“The growth trajectory of Montana’s high-tech industry has far exceeded our expectations when we began collecting this data in 2015,” MHTBA executive director Christina Quick Henderson stated in a press release.
MHTBA members said that they expected to add 1,100 new jobs in Montana at 2018. That works out to an annual employment growth rate among responding companies of 18.5 percent — significantly higher than Montana’s 2016 total employment growth rate of 1.3 percent.
The types of roles that they’re most frequently looking to fill include: software engineers, sales executives, and engineers. Wages at both member and non-member high tech businesses are expected to grow by 5 percent in 2018, while Montana annual wages grew by just 1.6 percent in 2016.