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.
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. Those application due dates are: December 19, 2018, and April 3, 2019.
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 July 1, 2020.
Program guidelines are available, and includes more information about the program specifics, including eligibility, penalties, procedures and other requirements.
The Department, through the Administrative Rule Making (ARM) process, will be updating the BSTF FY18-19 Guidelines. A hearing will be held on October 11, 2018 at 10am to accept comments on the proposed changes to the Guidelines. Copies of the revised guidelines are available here.