High tech business continues to boom in Bozeman

Posted at 3:04 PM, Mar 25, 2019
and last updated 2019-03-25 18:23:44-04

BOZEMAN – According to the Montana High Tech Business Alliance, Montana’s high-tech companies generated more than $2 billion in revenue in 2018.

Many of those high tech businesses are right here in Bozeman. The high tech industry is something that has come along with Bozeman’s rapid growth.

“Most of my clients when I started were out of state and that’s just where all of my clientele was. As years progressed, I started getting more clients here in Bozeman but as of recently, I would say probably in the last five years, we have seen significant growth in the number of our local clients,” Advanced Electronic Designs President Bryan Robertus said.

When Advanced Electronic Designs came to Bozeman 25 years ago, being a high tech business, Robertus didn’t picture the industry would be where it is today.

These high tech businesses are growing nine times faster than any other business sector and they are paying 60 percent higher than the average earnings per Montana worker.

Prospera, a non-profit in Bozeman is able to support the growth that these businesses are experiencing.

“We help people start and grow their businesses here in Montana. We support some of the high tech companies that are here and growing in Gallatin County, and Park County too, with professional business training, no-cost business counseling and business development grants,” Prospera Executive Director Paul Reichert said.

With support and growth, the companies continue to be an important component of Montana’s economy.

“It’s an amazing economy, it’s amazing growth. Someone described it to me the other day as it’s a once in a lifetime opportunity that Bozeman is the fastest growing small city in the country and I don’t see it slowing down,” Reichert said.

The Montana High Tech Business Alliance study said high tech companies plan to increase wages by five percent in 2019, which is about three percent faster than all Montana employers in the most recent data.

Reporting by Emma Hamilton for MTN News