Rightnow Technologies a Montana Success Story

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Rightnow Technologies a Montana Success Story

Making Montana the First Best Place How Entrepreneurship is Creating High-Paying Jobs Greg Gianforte, Founder RightNow Technologies © RightNow Technologies, Inc. 2 $80,000 $60,000 $40,000 $20,000 Montana is 49 Montana $0 New York Connecticut Massachusetts New Jersey California Illinois Maryland Delaware Virginia Washington th Texas Colorado Nationally in Wages Alaska Minnesota New Hampshire Pennsylvania Georgia Michigan Arizona Rhode Island Wyoming Tennessee Louisiana Oregon Ohio North Dakota North Carolina Missouri Nevada Florida Wisconsin Kansas Indiana Oklahoma Alabama Utah Hawaii Vermont Kentucky New Mexico West Virginia Iowa South Carolina Nebraska Maine Arkansas Idaho 3 South Dakota Montana Mississippi RightNow At A Glance Started in Bozeman 1997 in an extra bedroom 14 years of continuous revenue growth Self-funded and cash flow positive from day one 1,100 employees worldwide with avg MT wage $86,000 Bozeman’s largest commercial employer Montana’s only public technology company $5 billion of economic value into Montana 5 Montana Quality of Life www.ILoveItHere.com 6 RightNow’s Success is Repeatable RightNow's Bozeman Campus High Tech uniquely is able to raises wages statewide Twenty five more RightNows would create: . 15,000 new high paying jobs in Montana . $120B+ of economic value created over 15 years (5x multiplier) 7 U.S. Earnings per Job, by Industry, 2012 $0 $20,000 $40,000 $60,000 $80,000 $100,000 Natural Resources $96,757 Hi-Tech $94,933 Manufacturing $60,568 Construction $52,050 Transp. & Warehousing $48,609 Arts & Entertain. $33,346 Agriculture $28,730 Retail Trade $27,728 Tourism $18,019 8 Bootstrapping Montana Jobs 9 Education’s Impact on Wages and Unemployment Annual Earnings Unemployment Rates $90,000 16.0% $80,000 14.0% $70,000 12.0% $60,000 10.0% $50,000 8.0% $40,000 6.0% $30,000 $20,000 4.0% $10,000 2.0% $0 0.0% 10 Education is Key to The Jobs of the Future 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Under qualified RNT MT HS low income MT HS grads not MT CS grads relative applicants dropout rate proficient to jobs 11 We Need More Computer Science Majors CodeMontana.Org Preparing Montana Youth for Great Jobs 12 Communities with CodeMontana.Org 13 K-12 Education: One Size Does Not Fit All 14 $80,000 $60,000 $40,000 $20,000 We can Wages increase Montana We $0 RightNow in Montana New York Connecticut Massachusetts New Jersey California Illinois Maryland Delaware Virginia Washington Texas Colorado Alaska Minnesota New Hampshire Pennsylvania Georgia Michigan Arizona Rhode Island Wyoming Tennessee Louisiana Oregon Ohio North Dakota North Carolina Missouri Nevada Florida Wisconsin Kansas Indiana Oklahoma Alabama Utah Hawaii Vermont Kentucky New Mexico West Virginia Iowa South Carolina Nebraska Maine Arkansas Idaho 15 South Dakota Montana Mississippi Q&A [email protected] www.bozeman.com .

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