Big Sky Economic Development Trust Fund (BSTF)
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 to assist businesses in creating net new eligible jobs that pay the average county wage, excluding benefits. 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. Applications will be accepted throughout the year on a quarterly basis.
Please reference the application guidelines above and 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.
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Projects Funded by BSTF
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