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HomeMy WebLinkAbout03-22-17 Correspondence - Montana Department of Commerce to Taylor - Big Sky Economic Development Trust Fund (BSTF) Grant to Wisetail Funded Aill D RE1 TORBY-COTE 11 M O N T A N A STEVE B VULLCK ERONOR DEPARTMENT OF COMMERCE March 22, 2017 Carson Taylor, MayorIT - 1 City of Bozeman (� P.O. Box 1230 Bozeman, MT 59771 RE: Montana Department of Commerce, Big Sky Economic Development Program Contract#MT-BSTF-1-17-16, Orbital Shift, Inc. Dear Mayor Taylor: As indicated by Governor Bullock's letter dated March 20, 2017, your application to the Big Sky Economic Development Trust Fund (BSTF) Program has been approved for funding. The Montana Department of Commerce Grant and Loan Review Committee has tentatively approved an award of up to $80,000.00 in BSTF Job Creation funding to be used as follows: • Up to $73,600.00 to assist Orbital Shift, Inc. with the purchase of software, furnishings, equipment, lease rate reduction and reimbursement of wages. Orbital Shift, Inc. agrees to create 16 net new full time jobs that meet the BSTF required wage rate at $18.09 per hour before the value of benefits is added. Job creation activities may take place as of December 28, 2016, the date the application was deemed complete. The contract period for this project is December 28, 2016 to December 28, 2017. • Up to $6,400.00 for eligible administrative expenses. Please contact the Montana Department of Commerce prior to making any public announcement to the media. A contract will be sent to you electronically using DocuSign for signature. Please keep in mind that once information is submitted to the Department, the information is subject to the public's right to know pursuant to Article II, Section 9 of the Montana Constitution. The Department reserves the right to withdraw a commitment of any BSTF funds for projects that have: 1. Not provided all requested contract information, including the job creation baseline and certification report within 30 days of the date on the Notice of Award, and/or; 2. Not returned the BSTF contract to the Department within 30 days of receipt of the final contract, and/or 3. Are not ready to proceed within 90 days after the date of tentative award. Alyssa Townsend has been assigned as your BSTF Program Specialist, and will be contacting you regarding start-up activities. Within 10 days, Orbital Shift, Inc. needs to complete and submit the enclosed Status of Jobs Report for Job Creation Projects (Job Creation Report) and Job Creation Certification for Baseline jobs. All full-time employees that were employed by Orbital Shift, Inc. on December 27, 2016 should be included on this report. The Job Creation Report and Job Creation Certification should be sent directly to Alyssa, so that she may expedite the contract process. If the business prefers to send this electronically, please use Alyssa's email address below. Alyssa will be contacting Orbital Shift, Inc. to set up the Onboarding meeting to review their application and their commitment to the project. COwi 11L-13CL.Mr.GOV 301 S.PARK AVE. I PO BOX 2005331 HELENA,MT 59620-0533 1 P:406.841.28701 F:406.841.28711 TDD:406.841.2702 If you have any questions, Alyssa can be reached at ath(@mt.gov or by phone at (406) 841-2748. Again, congratulations.We look forward to working with the City of Bozeman, Prospera Business Network, Missoula Economic Partnership and Orbital Shift, Inc. on this project. Shn erely, C "Anfi arie Robinson Section Manager, BSTF and WTG Programs Montana Department of Commerce Cc: Kevin O'Reilly, Orbital Shift, Inc. Paul Reichert, Prospera Business Network Nicole Rush, MEP