By: Matt Rosendale
We have talented people, great businesses and an unparalleled entrepreneurial spirit in Montana. By raising capital, Montanans can leverage those assets to start new businesses, expand existing ones and create more good-paying jobs in every community under the Big Sky.
As your securities commissioner, one of my jobs is to encourage and help facilitate investment in Montana’s businesses. That’s why I launched my statewide “Invest in Montana” tour to promote capital formation.
At our recent Invest in Montana event in Missoula, we discussed sources of capital, types of securities, how to properly offer and sell securities under Montana law, investor disclosure requirements and crowdfunding, among other topics.
State Rep. Mike Hopkins, City Councilman Jesse Ramos, real estate companies, veterans and a whole host of others came to learn about how Missoula can generate investment. My staff and I also thoroughly enjoyed the opportunity to guest lecture at two University of Montana business classes about securities regulation and getting capital to start businesses.
Many Montana businesses have already successfully raised funds to launch their products or grow their existing operations. Missoula-based onXmaps recently announced a record $20.3 million in venture capital as they rapidly become “the Google Maps of the backcountry,” providing hunters and other outdoor enthusiasts with top-of-the-line mobile mapping systems covering our vast public lands.
Read more at the Missoulian