The Big Sky Economic Development Trust Fund Program (BSTF) Job Creation funds are awarded to local and tribal governments in the form of grants or loans to assist basic sector businesses in creating good paying jobs for Montana residents.
Donor Name: Montana Department of Commerce
State: Montana
County: All Counties
Type of Grant: Grant
Deadline: 12/14/2022
Size of the Grant: $7,500
Details:
The Big Sky Economic Development Trust Fund (BSTF) program is a state-funded program created by the 2005 Legislature. The program’s legislative purpose (Section 90-1-202, MCA) is to assist in economic development for Montana that will:
- Create good-paying jobs for Montana residents.
- Promote long-term, stable economic growth in Montana.
- Encourage local economic development organizations.
- Create partnerships between the state, local governments, tribal governments, and local economic development organizations that are interested in pursuing these same economic development goals.
- Retain or expand existing businesses.
- Provide a better life for future generations through greater economic growth and prosperity in Montana.
- Encourage workforce development, including workforce training and job creation, in High Poverty Counties by providing targeted assistance.
- Manufacturing ammunition components is a qualified economic development purpose.
Funding Information
Applicants not in a high poverty county are eligible to apply for up to $5,000 for each eligible net new job created, and are required to provide a $1 for $1 (100%) match. Applicants in a high poverty county are eligible to apply for up to $7,500 for each eligible net new job created and are required to provide a $1 for $2 (50%) match. The Department reserves the right to determine funding awards based upon types of jobs proposed, pay levels, and other pertinent factors.
Eligibility Criteria
- Eligible applicants include local and Tribal governments (includes any state or federally recognized Indian tribe within the state of Montana).
- Special purpose agencies, such as Certified Regional Development Corporations and other economic development organizations, are not eligible to apply directly to the Department for Job Creation Project funding; however, they could be involved in implementing and administering a project through a partner organization, if the eligible applicant agrees to such an arrangement.
For more information, visit Montana Department of Commerce.