The Big Sky Economic Development Trust Fund (BSTF) Program will be holding a public hearing on Wednesday, September 30, 2015 at 1:00 p.m. in Room 226 of 301 South Park Avenue, Helena to consider proposed changes to the Job Creation and Planning Project programs. Interested parties can also participate during the hearing via conference call. The call-in number is (877) 273-4202, Conference Room ID: 7762416.
The draft guidelines are available below. Written comments will also be received until 5:00 p.m. on October 8, 2015 and can be sent to Karyl Tobel via email at firstname.lastname@example.org.
DRAFT: Application Guidelines for 2016-2017 Biennium
Current Job Creation Application Guidelines
Current Planning Project Application Guidelines
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.
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 November 4, 2015 to be considered at the fall Grant and Loan Review Committee meeting.
The Grant and Loan Review Committee will be meeting on October 21st and October 30th to review the applications that were submitted by the August 19th and September 23rd deadline.
Contact Annmarie Robinson, Section Manger at (406) 841-2744.