Skip Navigation LinksBig Sky Economic Development Trust Fund (BSTF)

Big Sky Economic Development Trust Fund (BSTF)

Economic Development/Job Creation and Planning Projects  

 

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The following wage sheet will become effective January 1, 2015 2015 Weekly Wage Sheet .  

Also, please note that on January 1, 2015, the Montana minimum wage increases to $8.05 per hour.

 The current online funding opportunity will close on January 25, 2015. Applications from this funding opportunity are scheduled to be reviewed by the BSTF committee on February 18, 2015.

Applications to the Big Sky Economic Development Trust Fund Program are accepted through the On-Line Grant Management System - FundingMT, which is located at www.fundingmt.org. Additional information about FundingMT, along with a user guide designed to help applicants navigate through the online system, is available through the Application link above.

Program Summary

The Big Sky Economic Development Trust Fund (BSTF) program is a state-funded program created by the 2005 Legislature. It is designed to aid in the development of good paying jobs for Montana residents and promote long-term stable economic growth in Montana. The BSTF program is designed to provide financial assistance in the following two categories:

Category I: Economic Development Job Creation Projects 75% of BSTF earnings shall be awarded to local and tribal governments in the form of grants or loans to assist businesses in creating net new eligible jobs that pay the lesser of 170% of Montana's current mimimum wage or the current average county wage, including the value of employee benefits. 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 the benefits meet the requirements of the Employee Retirement Income Security Act of 1974.  Applications will be accepted on an open-cycle basis until all available funds are committed to approved projects.

Category II: Planning Projects 25% of BSTF earnings shall be awarded to Certified Regional Development Corporations (CRDC), tribal governments and other qualified economic development organizations in areas not covered by a CRDC for planning activities. To determine how your economic development organization may qualify click on this link http://www.bstf.mt.gov/content/docs/OtherEconomicOrganizations.pdf

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

Please reference the application guidelines for further information on the eligible activities and requirements for funding under this program. It is highly recommended that potential applicants contact the Department directly by calling Nancy Faroni, Section Manager at (406) 841-2744 for guidance and funding availability before submitting a formal application. This is especially important due to the limited funding available statewide.  

 

E-learning Webinar on How To Apply and How to Administer BSTF Planning Projects

BSTF Webinars  


 Program Informational Flyer   

 

About Business Resources

 

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Business Resources Division

Location
301 S Park
Helena MT 59601

Mailing Address
PO Box 200505
Helena MT 59620-0505

Phone/Fax
Phone:406.841.2730
Fax:406.841.2731
TDD:406.841.2702

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