Commerce Allocates Grants to Support Montana Businesses
HELENA, Mont. – The Montana Department of Commerce (Commerce) announced today that 16 Montana economic development organizations will share $8 million of grant funding to support economic growth in Montana. The funding is through Commerce’s Big Sky Economic Development (BSED) Revolving Loan Fund Grant Program.
"Through the BSED Revolving Loan Program, this grant funding will help build strong partnerships between local economic development organizations and the State to help spur sustainable growth for Montana’s economy,” said Paul Green, Director of the Montana Department of Commerce.
The BSED Revolving Loan Fund Grant Program provides funding to economic development organizations to create new or support existing revolving loan fund programs that assist businesses in local economies across Montana.
The following Montana businesses will receive BSED loan funding:
"Through the BSED Revolving Loan Program, this grant funding will help build strong partnerships between local economic development organizations and the State to help spur sustainable growth for Montana’s economy,” said Paul Green, Director of the Montana Department of Commerce.
The BSED Revolving Loan Fund Grant Program provides funding to economic development organizations to create new or support existing revolving loan fund programs that assist businesses in local economies across Montana.
The following Montana businesses will receive BSED loan funding:
- Anaconda Local Development Corporation will receive $500,000 of BSED loan funding.
- Bear Paw Development Corporation will receive $530,000 of BSED loan funding.
- Beartooth RC&D Area, Inc. will receive $500,000 of BSED loan funding.
- Big Sky Economic Development will receive $530,000 of BSED loan funding.
- Eastern Plains Economic Development Corporation will receive $200,000 of BSED loan funding.
- Gallatin Development Corporation, Inc. will receive $500,000 of BSED loan funding.
- Great Falls Development Authority, Inc. will receive $530,000 of BSED loan funding.
- Great Northern Development Corporation will receive $530,000 of BSED loan funding.
- Headwaters RC&D Area, Inc. will receive $530,000 of BSED loan funding.
- Jobs Now, Inc. will receive $530,000 of BSED loan funding.
- Lake County Community Development Corporation will receive $500,000 of BSED loan funding.
- Montana Business Assistance Connection, Inc. will receive $530,000 of BSED loan funding.
- Montana Community Development Corporation will receive $530,000 of BSED loan funding.
- North Central Montana Economic Development District, Inc. will receive $530,000 of BSED loan funding.
- Southeastern Montana Development Corporation will receive $500,000 of BSED loan funding.
- Snowy Mountain Development Corporation will receive $530,000 of BSED loan funding.
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