The Montana Department of Agriculture is excited to offer the GTA Business Acceleration Program (BAP) to support businesses entering expansionary phases of growth through planning and development of viable agriculture products and technologies resulting in capital investment.
Donor Name: Montana Department of Agriculture
State: Montana
County: All Counties
Type of Grant: Accelerator
Deadline: 09/12/2022
Size of the Grant: up to $20,000
Grant Duration: 2 years
Details:
Funds are available now and are awarded on a rolling basis, in the order the application is received, until funds are expended. These funds are to:
- Fund projects still in early expansionary phase of development
- Support startup businesses in minimizing time to profitability
- Offer expanding businesses the ability to establish groundwork for capital expenditure
- Accelerate new, innovative products up to commercialization.
Priority Areas
- Business expansion or
- Investing in processing infrastructure or
- Projects that are utilizing new or innovative solutions to:
- Diversify; or
- Add value; or
- Provide substantial growth opportunities.
Funding Information
Grants up to $20,000 over two years.
Who Can Apply
Proposals for funding are accepted from:
- Individuals
- Businesses and Industry Organizations
- Public and Private Agencies and Organizations
- Educational Institutions
- Local Governments
General Criteria for Funding
Projects must be consistent with the goals of the Growth Through Agriculture Act and:
- Primarily add value to Montana’s agricultural products;
- Have the prospects for commercial success given current personnel, experience and resources of the applicant;
- Have the prospects to create and/or retain jobs in Montana;
- Primarily processes or adds value to Montana’s agricultural products currently produced or potentially produced in the state; and
- Has the management structure to allow the reviewers to reasonably conclude that the applicant will comply with ongoing reporting and monitoring activities.
For more information, visit MDA.