Billings, MT – After 16 and a half years of dedicated leadership at Big Sky Economic Development (BSED), Executive Director Steve Arveschoug will retire in April 2025, leaving behind a legacy of transformational economic impact in Yellowstone County, across the state and our region.
Steve’s career in public service and economic development spans decades, marked by a steadfast commitment to strengthening communities, building partnerships, and driving sustainable growth. Prior to leading BSED, Steve served as the Executive Director of the Historic Arkansas Riverwalk of Pueblo, where he played a key role in revitalizing downtown Pueblo, Colorado. He also served as a Colorado State Representative and as General Manager of the Southeastern Water Conservancy District, leading critical water infrastructure projects.
Since taking the helm at BSED in 2008, Steve has spearheaded initiatives that have positioned Yellowstone County as a hub of economic opportunity. His leadership has been instrumental in:
- Strengthening workforce development – Establishing BillingsWorks, a collaborative initiative that connects industry and education to address workforce needs.
- Supporting businesses through crisis – Partnering with public health and business leaders to develop the Open and Safe initiative during the COVID-19 pandemic.
- Driving transformational economic projects – Negotiating the transition of the GE Capital building to Zoot Enterprises, securing investments like Coca-Cola’s $70 million manufacturing expansion, and bringing Amazon to Billings.
- Advancing entrepreneurship – Leading the vision and launch of Rock31, an entrepreneurship and innovation hub.
- Expanding healthcare and education – Spearheading efforts to bring Montana’s first four-year medical school, the Montana College of Osteopathic Medicine (MCOM), to Billings, a $67 million private investment.
- Enhancing long-term economic tools – Establishing the TEDD and Opportunity Fund, key resources that continue to drive business attraction and expansion.
Beyond these accomplishments, Steve has been recognized for his leadership across Montana and beyond. He is a past president of the Montana Economic Developers Association (MEDA) and a recipient of the Anthony Preite Economic Development Champion Award. His career has been defined by collaboration, integrity, and a deep commitment to the people and communities he has served.
“Steve’s leadership has been a defining force at BSED. He has set the bar high—not just in economic development, but in how to lead with heart, integrity, and a deep sense of service to our community. I am grateful for the opportunity to have worked alongside him, and I know we will continue to build on the strong foundation he has created.” – Commissioner Ostlund, Yellowstone County
“Steve’s influence at BSED goes beyond projects or programs—it’s in the culture he helped build, the people he believed in, and the leaders he developed along the way. He leaves behind a legacy that will continue to shape our organization and our community.” – Marcell Bruski, Senior Director of Engagement at BSED
“Steve began his career at Big Sky Economic Development in 2008, where he played a key role in forming Billings Works, launching Rock31, and renovating the old bank for BSED’s current location. He also helped attract Rocky Vista University, Rocky Vista Veterinary, and Coca-Cola Distribution to Billings, among other accomplishments. With his expertise in community and economic development, Steve has made a lasting impact.” – Debbie Desjarlais, BSED EDA Board Chair
“For 16 and a half years, Steve Arveschoug has led Big Sky Economic Development with unwavering dedication, transforming our public-private partnership into a model economic development authority respected throughout Montana. His strategic vision and collaborative approach have significantly enhanced the economic vitality of Billings and Yellowstone County, fostering strong partnerships with businesses and community leaders. Steve’s legacy of leadership and service will have a lasting impact on our region. We are deeply grateful for his many contributions and the steady guidance he has provided over the years.” – Nick Pancheau BSED EDC Bord Chair
As Steve prepares for retirement, his legacy will continue through the strong foundation he has built at BSED and the many professionals he has mentored along the way. His impact will be felt for years to come.
A celebration of Steve’s career and contributions will be held on Friday, April 11, 2025, at the Northern Hotel from 4:30 – 6:30 pm with a short program beginning at 5:00 pm. RSVP to marcell@bigskyeda.org.