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Montana Economic Developers Association June 2010

Montana Economic Developers Association June 2010. Mt Department of Commerce. http://commerce.mt.gov/. >$175 Million. Local Government Grants. Kelly Casillas: 841-2776. $20 million for Cities, Towns, and Counties Infrastructure and energy efficiency

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Montana Economic Developers Association June 2010

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  1. Montana Economic Developers AssociationJune 2010 Mt Department of Commerce

  2. http://commerce.mt.gov/

  3. >$175 Million

  4. Local Government Grants Kelly Casillas: 841-2776 • $20 millionfor Cities, Towns, and Counties • Infrastructure and energy efficiency • Work must be completed by September 30, 2010 • Status– • 176 contracts executed with Local Governments • $17,960,822 has been disbursed to date

  5. Construction of new water system in Neihart

  6. Boulder – Water treatment

  7. Laurel Water Treatment Upgrade

  8. Quality Schools Program

  9. Quick Start Energy Grants $12.2 million awarded to 99 school districts for energy efficiency projects $2.7 million awarded to 143 applicants for energy audits All work completed on or before September 30, 2009 Missoula - school lighting project

  10. School Distribution Grants Deferred maintenance and energy efficiency $20 million distributed by “Quality Educator Formula” $18.1 million (91%) has been distributed to 424 school districts Work must be completed on or before September 30, 2010 Dillon - school energy efficient boiler

  11. Quality Schools Facility Grants Kelly Casillas: 841-2776 Ulm School • $12 million for 2011 biennium • $900,000 for planning grants – 46 grants awarded • $100,000 for emergency grants – 2 grants awarded • ~$11 million for projects grants – 33 grants awarded • Funding comes from • timber harvest on school trust lands, • mineral royalties, and • rental income from power site leases. • 2nd round apps due June 18th

  12. Tribal Government Grants Jason Smith 841-2821 • HB 645 – $5 Million to STED Commission • infrastructure improvements and energy efficiency projects • ($617,937.50 for each of the eight tribal governments) • Status– • Contracts signed with 7 of 8 Tribal Governments

  13. Indian Country E.D. Funds (OTO) Heather Sobrepena–George 841-2775 • HB 645 – $1,596,592 to the Department for; • Priority Tribal ED projects • Entrepreneurship training • Equity grants for starting and growing businesses • Status– • 7 of 8 Tribal Government Contracts; • Training is underway on each Reservation, • 20 IEF grants awarded

  14. Confederated Salish & Kootenai TribesGreenhouse expansion

  15. Blackfeet Water Project

  16. Chippewa-CreeParker Water Storage facility

  17. CDBG - Public Facilities Kelly Casillas: 841-2776 • $304,015 from federal ARRA for Essential Services Facility – Judith Basin County at Geyser • $4,408,720 for 2010 Housing and Public Facilities awards • Status • 8 Public Facility Projects • 2 Housing and Neighborhood Revitalization Projects • 15 Planning Grants

  18. CDBG – Economic Development Nancy Guccione: 841-2744 • ~$1.5 million federal ARRA for Wood Products Revolving Loan ($0 remaining) • ~$2.3 million for 2010 economic development projects (~$1.8 million available) • Status • 5 wood products projects funded • 1 regular E.D. project funded • 2 Planning grants funded

  19. Treasure State Endowment Program Kelly Casillas: 841-2776 • $41 Million • $23 million from HB 645 • $17.8 million from HB 11 • Status – • 62 preliminary engineering report contracts done • 56 of 66 construction project contracts executed • 38 construction projects have met start-up conditions and $17,042,768 has been committed for those projects

  20. Darby water tank construction

  21. Brady wastewater lagoon

  22. Coal Board Grants Kelly Casillas: 841-2776 • HB 2 - $3 million for biennium • SB 100 - $2,736,643 in additional Coal Board funds • Status – • June 12 - Coal Board approved 19 applications totaling $2,676,495 • October 16 - Coal Board approved 11 applications totaling $1,567,169 • January 22 – Coal Board approved 4 applications totaling $327,745 • April 16 – Coal Board approved 7 applications totaling $603,032

  23. Worker Training (O.T.O.) Nancy Guccione: 841-2744 • $5,063,390 appropriated for the biennium • 5 applications funded for approx. $1.76 million • 2 applications under review • $3.3 million available • Results – Since 2006, • $11 million invested by State of Montana • $206 million of investment by companies • Generating > $10.3 million/year in new State income tax • http://www.mtfinanceonline.com/WorkForceGrnts.asp

  24. Glendive

  25. Stinger Welding – Libby

  26. West Paw Designs - Bozeman

  27. Wood Products Revolving Loans Carolyn Jones: 841-2594 • Loan Fund of $11.3 million • HB 645 - $7.5 million • Matched to $2.7 million EDA grant • Additional $1.5 million in CDBG (federal stimulus) • Results – • 15 companies have received loans for $11,289,096 • 1,102 direct jobs impacted • 1,085 additional jobs impacted • MAEDC has assisted 23 additional wood products companies http://recovery.mt.gov/commerce/wpirs/default.mcpx

  28. Pyramid Mountain Lumber -Seeley Lake

  29. Sun Mountain Lumber – Deer Lodge

  30. Biomass Energy Feasibility Tom Kaiserski: 841-2034 • HB 645 - $475,000 • Status – • Funding provided to 3 applicants • Porter Bench Energy LLC - $300,000 • North Western Energy - $125,000 • DNRC - $50,000

  31. Smurfit-Stone Container - Missoula

  32. Big Sky Trust Fund Contact : Quinn Ness: 841-2758 Angie Nelson: 841-2792 • Category I – Projects • $3,074,000 active contracts • $1,047,500 conditional commitments • $637,452 currently available • Category II – Planning Grants • $340,025 active contracts • $254,000 conditional commitments • $138,647 currently available

  33. Signal Peak Mine - Roundup

  34. Signal Peak Mine - Roundup

  35. Biomedical Research Grants Contact : Andy Poole: 841-2704 • HB 2 - $2.5 million • Status – • 3 awards approved • McLaughlin Research Institute – Great Falls • International Heart Institute - Missoula (2)

  36. McLaughlin Research Institute - Great Falls

  37. Historic Preservation Grants Contact: Kelly Casillas: 841-2776 • $4 million ($3,624,460 for competitive grants) • Specific awards were made to • Daly Mansion ($50,000) • St. Mary’s Mission ($40,000) • Travelers’ Rest Historic Site ($180,000) • Status of competitive grants – • 135 projects applied for $20.1 million in funding • 56 applicants offered awards on April 5, 2010 • Currently in contracting process

  38. Rialto Theatre – Deer Lodge

  39. ARRA Housing Tax Credits Contact: Bruce Brensdal: 841-2844 • Tax Credit Assistance - $7.818 million • fund financing gaps in rental projects awarded tax credits in 2007, 2008 and 2009. • Status –The Board awarded funding August 19, 2009. • Tax Credit Exchange - $17.825 million • replacement funding for LIHTC projects because projects not able to attract investors.   • Projects allocated in 2008 and 2009 are eligible. • Status– The Board awarded funding August 19, 2009.

  40. Makoshika Estates, Family Housing, Glendive

  41. Lewistown housing project

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