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Manufacturing Industry Sees Significant Earnings Growth
Montana’s manufacturing industry grew significantly in 2021, rebounding after a pandemic-fueled economic slowdown and totaling $1.6 billion in private state earnings last year, according to a Montana Bureau of Business and Economic Research (BBER) report released earlier this month.
While petroleum remains the leading industry in Montana, accounting for 58.5% of total manufacturing earnings, wood products were the second-highest earnings sector in 2021 with $133 million. Food, beverage and tobacco industries rose 10.7% in earnings since 2019, which experts attribute to a slew of new breweries, wineries and distilleries that opened across the state.
By Maggie Dresser
The quiet manufacturing revolution that’s transforming America – The Titanium Economy
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