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Montana's Economic Development: Strategies for Growth and Innovation

Explore the challenges and opportunities in Montana's economic development, including population loss in certain regions, the impact of the "Montana Tax," investment in broadband infrastructure, data center competition, fostering entrepreneurship, public-private collaboration, and the balance between education as a process and a product.

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Montana's Economic Development: Strategies for Growth and Innovation

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  1. MEDA Innovative Working Group Spring - 2011 Mrs. Teresa Synder-Borrenpohl | MSU Graduate Student Mr. Zachary Rogala | UM Graduate Student

  2. Workforce Development Educational Efficiencies Enhanced Job Placement Dept. of Labor and Industry

  3. Networked Organizations Application for Funds Tangible Technology Production

  4. Strategic Planning Application Process Private Investment Select and Invest

  5. Discussion Points • According to the 2010 Census Data 28 of 56 Montana counties lost population over the last decade, and three counties had over 15% population growth. Should our development strategies be adapted to the ‘boot counties’ and those outside this area of growth? Is the distinction a difference in kind or only in degree? • According to Montana’s cluster competitiveness, we rank 44th in the nation for GDP per capita. In what respect can we factor in the ‘Montana Tax’ when comparing Montana’s economy to the rest of the nation? How does this inform our models? Should it? • The Montana Broadband Project, sponsored in part by the Recovery and Reinvestment Act, is mapping broadband capacity within our state. What is the most appropriate method for investing in broadband infrastructure in areas of poor access? • States across the west are competing for large scale data centers. Acknowledging Montana’s competitiveness in various economic clusters, is it in our interest to enter this market? Are our energies better spent in other sectors? • What sort of strategies exist for enticing future venture firms such as Highway 12 to the state/region? How do we foster a new generation of entrepreneurs from within? • With the Centers for Excellence, to what degree should private enterprise profit on the backs of public education dollars? Are the potential conflicts of interest from public/private collaboration worth consideration? • Education is a process and a product. Do these Centers for Excellence create a chilling effect in the academic marketplace of ideas by placing too much emphasis on product based research?

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