The Gallatin County continues to grow in population and economic prosperity. According to a report published by a New York financial tech company, Smart Asset, the county ranks first in the state for overall economic investment (click here to read about a specific Bozeman investment that continues to bring benefits to the area). The report evaluated United States counties based on their GDP growth, new building permits and the number of active municipal bonds in the area. The report then uses the total score from these three sectors to value a certain county’s economic outlook. Gallatin County ranked 1st in the state and 63rd in the United States.
Although the report generally favors counties with small populations, Gallatin County’s performance still remains great news, particularly because its local competition within the state all have similar, if not smaller populations.
The Gallatin County scored a 52.15 on the Incoming Investment Index. The county came in second in GDP growth in Montana, adding $439 million in gross domestic product from 2010 to 2013. Experts have credited part of this growth to Montana State University’s growth, which drives 30% of the counties economic earnings. Experts also pointed to the area's rapidly expanding high tech industry as a main driver.
According to the report, Gallatin County is also growing in population. The county ranked first in new building permits and permit growth, issuing 18 per every 1,000 homes. Utility hook ups have also increased significantly in the past year, promising future homes and continued development.
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