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HomeMy WebLinkAbout07-23-18 Correspondence - A. Robinson, Montana Department of Commerce, to Andrus - BSTF Grant Award for XY Planning Network, LLC BULLOCK D RE TORBY COTE M O N TA N A STEVE GOVERNOR DEPARTMENT OF COMMERCE July 23, 2018 AmA Mayor Cyndy Andrus City of Bozeman P O Box 1230 Bozeman, MT 59771-1230 RE: Montana Department of Commerce, Big Sky Economic Development Program Contract# MT-BSTF-1-19-07, XY Planning Network, LLC Dear Mayor Andrus; As indicated by Governor Bullock's letter dated July 20, 2018, your application to the Big Sky Economic Development Trust Fund (BSTF) Job Creation Program has been approved for funding. The Montana Department of Commerce has tentatively approved an award of up to $50,000.00 in BSTF Job Creation funding to be used as follows: • Up to $46,000.00 to assist XY Planning Network, LLC with the reimbursement of wages. XY Planning Network, LLC agrees to create 10 net new full time jobs that meet the BSTF required wage rate of at least $19.58 per hour before the value of benefits. Job creation activities may take place as of July 19, 2018 the date of the award. The contract period for this project is July 19, 2018 to July 19, 2019. 60 days prior to contract expiration, a review of the hiring plan will take place to determine the eligibility of a contract extension. Consideration of the second year hires is also contingent on the availability of BSTF funds. • Up to $4,000.00 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: COMMERCE.MT.GOV 301 S. PARK AVE. I PO BOX 2005331 HELENA, MT 59620-0533 1 P:406.841.28701 F: 406.841.2871 1 TDD:406.841.2702 1. Not provided all requested contract information, including the job creation baseline and certification report within 30 days of the date this letter, 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. Debi Davidson has been assigned as your BSTF Program Specialist, and she can be reached at ddavidson2(aD-mt.gov or by phone at (406) 841-2792. An onboarding meeting with the assisted business has been scheduled for July 26, 2018. At the meeting the Department will review the application and the commitment to the project. Additionally the assisted business will need to certify to the number of jobs in the baseline job creation report. Since the assisted business did not provide a baseline job creation report with the application, a baseline job creation report will need to be provided at the onboarding meeting. Again, congratulations. We look forward to working with the City of Bozeman on this project. Sincerely, `Annmarie Robinson Section Manager, BSTF and WTG Programs Montana Department of Commerce cc: Raul Dominzuez, COO, XY Planning Network, LLC David Atherton, Grant Manager, Prospera Business Network