TES Insights

New Business is Thriving in Montana

Record-Breaking Business Registrations in Montana in 2024

In 2024, Montana saw a surge in entrepreneurial activity, with more than 63,814 new businesses registered with the Secretary of State’s Office—marking a new all-time high for the state. This figure surpasses the previous record by nearly 4,000 new businesses compared to 2023.Office of Advocacy+9Daily Montanan+9YouTube+9

Another report rounds this figure to 63,808 new businesses—still aligning closely with the higher count and confirming Montana’s consistent upward trend.KRTV NEWS Great Falls

A Trend of Sustained Growth

This milestone is part of a four-year streak of record-setting business registrations under Secretary of State Christi Jacobsen:

Year Approximate New Business Registrations
2021 50,000
2022 54,000
2023 Nearly 60,000
2024 More than 63,800

YouTube+8Daily Montanan+8Montana Secretary of State+8Office of Advocacy

Monthly Highlights: April Leads the Pack

April 2024 was especially notable, with nearly 6,000 new business registrations—the highest for any single month that year.Montana Secretary of State+5Daily Montanan+5Montana Secretary of State+5


Broader Outlook: Registered Businesses in Good Standing

By the end of 2024, data indicates that over 324,000 businesses in Montana were in good standing with the Secretary of State.KRTV NEWS Great Falls This cumulative measure reflects both long-standing operations and newly registered entities, underscoring the vibrancy of Montana’s business landscape.


Why It Matters

Montana’s rising business registrations reflect a wider push toward economic growth, bolstered by policy initiatives such as fee reductions and an easier online filing process under Secretary Jacobsen’s leadership.KRTV NEWS Great Falls+5Montana Secretary of State+5Montana Secretary of State+5 These supportive measures appear to be translating into ample entrepreneurial momentum and job creation.


Summary

Montana’s private sector is thriving:

  • 2024 brought the most new businesses ever recorded—63,814+.
  • It’s the fourth consecutive year of record-breaking business registration.
  • April 2024 was the single most active month for new registrations.
  • Over 324,000 businesses were officially in good standing by year-end.

If you are in Montana and want to start a business, now is the time. Let’s chat to find you a new career as a business owner.


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