2015 Cost of Living Index score for Bozeman released
Though it might seem far-fetched given ongoing affordable housing debates, Bozeman is a relatively affordable place to live, at least for professional and managerial households as compared to 272 other urban areas in the U.S. in 2015. According to the latest Cost of Living Index report, which averaged data from the first three quarters of 2015, Bozeman’s cost of living sits at just 2.7 percent above the national average for the year.
Montana now has 20,899 millionaire households
According to a recent report from Phoenix Marketing International, Montana added over 2,000 households with more than $1 million in investable assets over the past year. The increase bumped Montana up six spots in the national ranking of millionaire households per capita, the largest jump of any state this year. Montana is ranked 33rd, with millionaire homes accounting for 4.84 percent of the state’s total households.
Prospera reappointed as the official economic development group for Gallatin and Park counties
The Certified Regional Development Corporation (CRDC) program, run out of the Montana Department of Commerce, sections the state into 11 districts, each governed by an economic development group. The organizations act as liaisons between local businesses and the state, assisting with grants, training and research. This state grant funding will help Prospera continue offering free and low-cost services to help businesses and communities succeed.
Simms Fishing Products expansion nearing completion
Simms anticipates completing a three-story, 15,000-square-foot addition to its facility in Four Corners by March. Prospera helped Simms access a state planning grant for a feasibility study related to the expansion. Prospera is also assisting Simms with accessing a state job-creation grant for up to $200,000, as the company is on track to add up to 27 local jobs.