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.
Governor Bullock has signed HB19 which revised the definition of High Poverty County to mean a county in this state that has a poverty rate greater than Montana's average poverty rate. The revised Poverty Map becomes effective on July 1, 2019. The revised map is available here.
Applications will be accepted through the funding portal www.fundingmt.org.
The Big Sky Economic Development Trust Fund program will be accepting job creation applications on a quarterly basis.
Planning Projects funding is awarded to Certified Regional Development Corporations (CRDCs), tribal or local 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; matching funds for federal funding; preproduction costs for film or media; and administrative expenses. A map of the eligible planning project applications is available here. More information can be found on the Planning Projects Information Page.
Due to statutory limitations on how we are required to split job creation and planning grants, Commerce will not accept BSTF Planning applications until December, 2019.
Program guidelines are available, and includes more information about the program specifics, including eligibility, penalties, procedures and other requirements.
Funding deadline are as follows: July 10, 2019 (Job Creation only), September 18, 2019 (Job Creation only), December 18, 2019 (Job Creation and Planning) and March 20, 2020 (Job Creation and Planning).