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Big Sky Economic Development Trust Fund Job Creation

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.

Applications will be accepted on an open-cycle basis until all available funds are committed to approved projects.

Please reference the application information and guidelines for further information on the eligible activities and requirements for funding. It is highly recommended that potential applicants contact the Department for guidance and funding availability before submitting a formal application. This is especially important due to the limited funding available statewide.

 

Eligible Applicants are:

  • incorporated city or town;
  • a county;
  • a consolidated government;
  • a Tribal government (including any state or federally recognized Indian tribe within the State of Montana); and
  • public districts or local public entities with the authority to spend or receive public funds (i.e. County Port Authority or Airport Authority).

Eligible Assisted Business must:

  • basic sector company (see guidelines for definition);
  • create at least one net new eligible job in Montana;
  • pay an average weekly wage that meets or exceeds the lesser of 170% of Montana’s current minimum wage or the current average weekly wage of the county in which the employee(s) are to be principally employed, including the value of employee benefits*; and
  • demonstrate that the business expansion is financially feasible.

*Note: If employee benefits are to be included in the calculation for the BSTF required wage rate, the assisted business will be required to certify that they benefits meet the requirements of the Employee Retirement Income Security Act of 1974.

Limits and Match Required

The location of the project will determine the maximum funding level and match requirements:

  • Businesses located in a high-poverty county
    • The maximum grant or loan award is up to $7,500 for each eligible new job created
    • Match required is $1 for every $2 awarded (1:2)
  • Businesses located in a non-poverty county
    • The maximum grant or loan award is up to $5,000 for each eligible new job created
    • Match required is $1 for every $1 awarded (1:1)

eLearning Webinars are available to guide you through the application and award administration process. Available webinars for Category I: Economic Development Job Creation Projects include:

Webinar: How to Apply for Job Creation GrantsHow to Apply for Job Creation Grants

 

 

 

How to Administer Job Creation GrantsWebinar: How to Administer Job Creation Grants


MONTANA OFFICE OF TOURISM AND BUSINESS DEVELOPMENT | MONTANA DEPARTMENT OF COMMERCE
301 S. PARK AVE. | P.O. BOX 200533 | HELENA, MT 59620-0533 |  T: (406) 841-2870 |  F: (406) 841-2871 | TDD: (406) 841-2702