Governor Steve Bullock today announced $374,031 in grants to help businesses in 15 Montana communities and assist Main Street Montana businesses with plans for growth.
“Montana’s businesses are planning for job growth and even greater opportunities to expand,” said Governor Bullock. “From revitalizing Main Street to creating jobs and increasing access to recreational activities, these funds will support important economic development projects in communities across the Big Sky.”
The funds are being awarded through the Big Sky Economic Development Trust Fund (BSTF) program.
Big Sky Economic Development Trust Fund (BSTF) –Planning Grant Recipients:
- Montana West Economic Development received $6,750 to assist 431 1st Avenue West, LLC with the completion of a Discovery and Design Development Plan. Commercial properties for lease are in high demand in Kalispell. The business intends to redevelop the building to design an appropriate facility for multiple professional tenants as well as update the building to today’s environmental and ADA standards.
- Montana Business Assistance Connection received $26,562 to assist Broadwater County Development Corporation with the completion of a feasibility study. Canyon Ferry Dam has become a vital economic engine for Broadwater County as well as the region. The study will create the framework to develop an executable Master Plan for improvements in this area.
- Headwaters RC&D Area, Inc. received $16,134 to assist the City of Deer Lodge with the completion of a Downtown Master Plan. The Master Plan will be used as a tool to revitalize Deer Lodge’s historic downtown through land use recommendations, design standards and transportation enhancements.
- Beartooth RC&D Area, Inc. received $27,000 to assist the City of Laurel with the completion of a master plan for Riverside Park. The Master Plan will lead to improvements which will help the Park be a vehicle for economic development and stimulation, as well as increased opportunities for business expansion and job creation.
- Snowy Mountain Development Corporation received $10,800 to assist the City of Lewistown with the completion of a marketplace and pavilion feasibility study. Lewistown is interested in developing a city owned public space on Main Street that has direct connection with its trail system, Big Spring Creek, the central business district, a newly proposed brewery and Yogo Inn Convention Center that includes Phase I Planning and Schematic Design with final Concept Plan.
- Prospera Business Network received $52,000 to assist CNAE, LLC and JB & LS, Inc. dba Neptune’s Brewery with the completion of a building assessment, preliminary architectural designs and contract documentation/cost estimate for the redevelopment of the old grain elevator in Livingston.
- The Confederated Salish and Kootenai Tribe received $27,000 to complete a financial analysis and preliminary design work for the Camas Bathhouse site in Hot Springs.
- Montana Business Assistance Connection received $27,000 to assist Helena Business Improvement District with the completion of a feasibility study to determine the option of establishing a year-round, permanent, indoor market with incubator space in the downtown area in Helena.
- Montana Business Assistance Connection received $27,000 to assist Helena Industries, Inc. with the completion of a Market Analysis and Financial Analysis of New Enterprises. The project is to explore the feasibility of two startup enterprises for Helena Industries, as well as evaluate the existing ‘’enterprises operated by Helena Industries.
- Kootenai River Development Council, Inc. received $10,692 to complete an implementation plan for wayfinding system in the Libby area. Wayfinding will connect visitors with activities that interest them and encourage report visitation by increasing awareness and the depth of the destination.
- Headwaters RC&D Area, Inc. received $16,200 to assist Leslie Adams Development Inc., Town of Twin Bridges and Madison County with the completion of a Preliminary Engineering Report (PER). The Report is required to determine needs towards extension of water and sewer service for the former site of the Montana Children’s Center, the Madison County Fairgrounds and the Rest Area.
- Kootenai River Development Council, Inc. received $21,010 to assist the Lincoln County Port Authority with the completion of a Preliminary Engineering Report to support a Capital Improvement Plan to address water system deficient infrastructure needs within the Kootenai Business Park. Potable water system is needed as the necessary first step for future development with the Park. The property is the former Stimson Lumber Company.
- Missoula Economic Partnership received $27,000 to complete a State of the Workforce Study for Missoula. The report will be used as a tool by stakeholders to develop Missoula’s economy as they look to make decision based on local workforce needs.
- Headwaters RC&D Area, Inc. received $8,050 to assist the Our Lady of the Rockies, Inc. in Butte with the completion of a tram engineering feasibility study. The proposed 2-car tram system will not only be used for the Lady of the Rockies but will also offer access to recreational opportunities on the Continental Divide.
- Ravalli County Economic Development Authority received $21,000 to assist the Ravalli Co. Council on Aging, Inc. with the completion of a project concept and feasibility study for the proposed Riverside Crossing Assisted Living and Memory Care facility. The model being explored will offer a service hub to support individuals to remain in their home and meet the needs of elders who can no longer live independently. When complete, the project will create 19 full-time permanent year-round jobs.
- Ravalli County Economic Development Authority received $13,333 to assist Ravalli County and the City of Hamilton with the completion of a Wastewater Engineering and Differential Cost study for the area along Old Corvallis Road and within the Ravalli County TEDD. The project is in response to an economic development distress as several businesses in this area are unable to hire any additional employees until this wastewater problem is resolved.
- Snowy Mountain Development Corporation received $3,750 to assist Roundup School District with the completion of a financial feasibility study towards the redevelopment and reuse of the Old Central School. Community members want to preserve the historic structure with a newly found purpose and role within the community.
- Lake County Community Development Corporation received $5,750 to assist Vassallo Beverage LLC dba Tipu’s Chai with the completion of a strategic branding report. Tipu’s Chai blends its own mix of spices and Indian tea. The company is based in Polson.
- Montana Business Assistance Connection received $27,000 to assist YMCA of Helena with the completion of a Preliminary Architectural Report towards building expansion. There are new significant opportunities emerging near the Helena YMCA that warrants a review of the building and a look at the services offered. The project provides a business opportunity with substantial job creation potential.
More funding opportunities are still available. The next deadline for application submittals for consideration at the next Grant/Loan Review Committee meeting is April 26. For more information, contact Section Manager Annmarie Robinson by phone at 406.841.2250 or by visiting www.bstf.mt.gov.
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