Opportunity
Jefferson County, Montana, offers a dynamic business environment characterized by a diverse economic base, strategic infrastructure, and a favorable tax climate.
Economic Overview
The county's economy is anchored by key industries such as public administration, healthcare and social assistance, and retail trade. In 2023, public administration employed 787 individuals, healthcare and social assistance employed 751, and retail trade employed 724. Notably, the finance and insurance sector offered the highest average earnings at $96,131, followed closely by mining, quarrying, and oil and gas extraction at $94,107.
Infrastructure
Jefferson County boasts a robust transportation network, including major highways such as Interstate 15 and Interstate 90, facilitating efficient movement of goods and services. The county's strategic location between Helena and Butte enhances its appeal for logistics and service industries.
Tax Environment
Montana's tax structure is particularly advantageous for businesses. The state imposes no sales tax, estate tax, or gross receipts tax, and offers a $1 million business equipment tax exemption. These policies create a business-friendly environment conducive to investment and growth.
In Jefferson County, the median property tax is $1,544 annually for a home valued at $225,300, equating to an effective tax rate of 0.69%. This rate is competitive both within Montana and nationally, contributing to the county's attractiveness for business operations.
Overall, Jefferson County's combination of a diverse economic base, strategic infrastructure, and favorable tax policies positions it as an appealing destination for businesses seeking growth and success.