Business Development Booming in Downtown Missoula: New Ventures and Expansion in 2024

The Missoula area is experiencing a boom in business development, with the nonprofit Downtown Missoula Partnership reporting that 14 new businesses have opened and 14 more have expanded or relocated within the downtown area in the first six months of 2024.

Some of the new ventures include Ritual Yoga, Out of the Box Cigars, the Stables restaurant, and the Montana Gift Corral. Additionally, the former Mountain Valley Inn has been remodeled into the new LOGE Missoula hotel and the Dog Wash Cafe. Catalyst to Go and Clyde Coffee have also opened new locations, while Servin’ Thyme restaurant has relocated.

Despite this growth, six businesses have closed in the downtown area, including four retail businesses and two restaurants. However, the Downtown Missoula Partnership remains optimistic about the future, with several spaces undergoing renovations and new businesses expected to open before the end of 2024.

In other business news, Clearwater Credit Union, the second-largest credit union in Montana, has announced the launch of a new Clean Energy Certificate of Deposit, making it the first financial institution in Montana to offer such a savings product. The 24-Month Clean Energy CD allows depositors to earn market competitive returns while funding loans for clean energy initiatives.

Lastly, Billings Clinic and Community Medical Center have completed the first successful patient transport in Montana using a mobile extracorporeal membrane oxygenation (ECMO) program. This technology provides life support for patients with reversible lung failure and allows for the stabilization and transport of critically ill patients to higher levels of care.

Overall, these developments highlight the vibrant business landscape and innovative initiatives taking place in the Missoula area.