The Big Sky Economic Development Trust Fund Program (BSTF) provides state funds to promote long-term stable economic growth in Montana with financial assistance in the following two categories:
Economic Development Job Creation Projects
Job Creation funding is awarded to create good paying jobs for residents in basic sector businesses, in the form of grants or loans. Local and tribal governments can apply on behalf of a basic sector business to create at least one net new eligible job in Montana. More information on eligible applicants and required activities for funded businesses can be found on the Job Creation Information Page.
Planning Projects funding is awarded to Certified Regional Development Corporations (CRDCs), tribal governments, or other economic development organizations not part of a CRDC region, to support economic development planning activities, including but not limited to support for business improvement districts; central business district redevelopment; industrial development; feasibility studies; creation and maintenance of baseline community profiles; and matching funds for federal funding. More information can be found on the Planning Projects Information Page.
Program guidelines are available, and includes more information about the program specifics, including eligibility, penalties, procedures and other requirements.
Applications for both categories are accepted on an open-cycle basis until all available funds are committed to approved projects. Applications must be submitted (postmarked if using mail) by December 31, 2015
to be considered at the winter Grant and Loan Review Committee meeting.
The Grant and Loan Review Committee will be meeting on December 3rd and 4th to review the applications that were submitted by the November 4th deadline.
Contact Annmarie Robinson, Section Manger at (406) 841-2250.