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; 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.
Program guidelines are available, and includes more information about the program specifics, including eligibility, penalties, procedures and other requirements.
The Department is accepting public comments on the FY18-19 Biennium Guidelines. A Public Hearing will be held on June 29, 2017 at 1:30 pm in Room 226 of the Park Avenue Building, 301 South Park Avenue, Helena to consider the proposed amendments. Additionally, written comments can be submitted no later than 5:00pm on July 7th.
Applications for both categories are accepted on an open-cycle basis until all available funds are committed to approved projects. Applications will be accepted through the funding portal www.fundingmt.org.
The FY 18 Applications Deadlines for Planning Projects are as follows:
July 9, 2017; October 9, 2017; January 9, 2018 and April 9, 2018.
The highest priority of the BSTF Planning Program are projects that support a critical activity to move forward an Economic Development project resulting in job creation projects and that directly assist a basic sector company.
The FY18 Application Deadlines for Job Creation Projects are as follows:
July 9, 2017, August 27, 2017; October 9, 2017; November 19, 2017; January 9, 2018; February 18, 2018, April 9, 2018 and May 14th if needed.
Contact Annmarie Robinson, Section Manager at (406) 841-2250.