Schweitzer/Bohlinger "New Day" Economic Development Roadmap

  • Business Assistance
  • Infrastructure Incentives
  • Small Business Incentives
  • Marketing & Recruitment
  • Targeted Industry Incentives
  • Indian Economic Development
  • Workforce Training Incentives
  • Economic Development Capital
  • Economic Development Capacity Building

Business Assistance

  • Marketing Assistance Program (Part of $400,000 per year in Made in Montana Appropriation to Department of Commerce - HB 2)
  • NxLevel Training Progam Expansion (Part of $400,000 per year in Made in Montana Appropriation to Department of Commerce - HB 2)
  • State Main Street Program - (HB 481 & $125,000 per year appropriations in HB 2 to Department of Commerce)

Infrastructure Incentives

  • Aerospace Infrastructure Bondmg Improvements - (HB 493)
  • Technology Tax Increment Districts - (SB 167)
  • Rail Service Competition Council - (HB 769)
  • Rail Branch Line Revolving Loan Fund - (HB 757)

Small Business Incentives

  • Increase Threshold Exemption for Business Equipment Tax to $20,000, exempting 13,000+ small businesses from business equipment taxes (44% of those now paying) - (SB 48, which also eliminates the trigger that would have led to an $80 million per year tax shift to homeowners and commercial businesses)
  • State Main Street Program - (HB 481 & $125,000 per year appropriations in HB 2 to Department of Commerce)
  • Made in Montana Program - (SB 329 & $400,000 per year appropriations in HB 2 to Department of Commerce)
  • Tax Credit and Purchasing Pools for Health Care Insurance for Companies with Fewer than 10 employees - (HB 667)

Marketing & Recruitment

  • Marketing Montana Program in Governor's Office of Economic Opportunity Appropriation (Share of $300,000 per year GOEO Appropriation - KB 2)
  • Business Recruitment Program in Governor's Office of Economic Opportunity Appropriation (Share of $300,000 per year GOEO Appropriation - HI3 2)
  • Land Information Act (SB 98, creates information vehcle for recruitment information)

Targeted Industry Incentives

  • Big Sky on the Big Screen Film Industry Tax Credit - (HB 584 with tax credits -- 12% on Montana labor and 8% on various Montana expenses related to film- making here)
  • Ethanol Incentives - (SB 293 -- 15% gas tax reduction for distributors; 20 cents per gallon incentive for up to 10 million gallons for Montana ethanol production using Montana products; mandated market once 40 million gallons are produced in Montana; Board of Investments Value-added loan program adapted for ethanol facilities)
  • Wind Energy Incentives - (SB 445 - a market of sorts is created by the requirement that a percentage of energy portfolio must by wind and other alternative energy sources)
  • Bio-diesel Incentives - (HB 776 -- sale & production tax credits)
  • Aerospace Infrastructure Bonding Improvements - (HB 493)
  • Technology Tax Increment Districts - (SB 167 - focuses on technology companies)

Indian Economic Development

  • State-Tribal Economic Development Commission, Extend for 4 more years and fund with $120,000 carryover - HB 18)
  • Indian Country Economic Development Program ($500,000 per year to Department of Commerce - HB 2)
  • Appointed first "non-acting" Coordinator of Indian Affairs in 3 years (Position previously left vacant for 3 years) and significantly increase salary to begin to be comparable to other cabinet members
  • Hired Indian Economic Development Specialist as part of staff in Governor's Office of Economic Opportunity

Workforce Training Incentives

  • Allocate $5 million to "Job-Related" New Worker Training - (HB 271, supplemental appropriation & HB 2 appropriations to Department of Commerce)
  • Integrate "Job-Related New Worker Training into Department of Commerce to coordinate with other economic development efforts - (HB 270)

Economic Development Capital

  • Big Sky Economic Development Trust Fund - (nearly $3 million this biennium - to grow for 20 years before being capped -- HB 249)
  • Board of Investments Venture Capital Approach (no legislation required)
  • Fund of Funds Venture Capital Bill - (SB 133)
  • Preserving Urban Renewal and TIFID Revolving Loan Funds - (SB 345)
  • Angel Network Coordination - (SJR 3)
  • Aerospace Bonding Improvements - (HB 493)
  • Rail Branch Line Revolving Loan Fund - (HB 757)
  • Technology Tax Increment Districts - (SB 167)

Economic Development Capacity Building

  • Big Sky Economic Development Trust Fund - (Nearly $750,000 this biennium for capacity building - to grow for 20 years before being capped -- HB 249)
  • State Main Street Program - (HB 481 & $125,000 per year appropriations in HB 2 to Department of commerce)

Proposals That Did Not Pass

  • Secondary Purchase by BOI at Lower Rates (SB 15)
  • New & Expanding Industry Property Tax Incentives (SB 19)
  • Exempting Local Economic Mill Levies from Spending Cap (HB 680)