HomeMy WebLinkAbout08-24-18 Correspondence - Montana Department of Commerce to Andrus - Notice of BSTF Grant Award for Zinovo, LLC D RE TREY COTE M O N T A N A STEVE GBULLCK
OVERNOR
DEPARTMENT OF COMMERCE
August 24, 2018
IV
Mayor Cyndy Andrus FOR--
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City of Bozeman
P O Box 1230
Bozeman, MT 59771-1230
RE: Notice of Big Sky Economic Development Trust Fund Grant Award for
Zinovo, LLC
Dear Mayor Andrus;
The Montana Department of Commerce (Department) has reviewed the documentation
submitted for completion of start-up requirements for the City of Bozeman. The City of
Bozeman will provide up to $70,000.00 of BSTF funds to assist Zinovo, LLC with the
purchase of equipment, software and lease rate reduction. Zinovo, LLC has agreed to
the creation of 14 net new full time jobs that meet the BSTF required wage rate of at least
$19.02 per hour, excluding benefits. The BSTF contract was signed by the Department
Director on May 17, 2018.
The Department has received all required documentation required for the contract to
proceed. This notice constitutes a release of funds for the above contract when the
appropriate number of eligible net new jobs has been created and eligible costs incurred.
You will need to have documented expenses for administration or activity along with the
Job Creation Certification and Project Progress Report included with your draw request.
If you need further information, please contact me at (406) 841-2792 or you may email
me at ddavidson2@mt.gov .
Sincerely,
ow
Debi Davidson
Big Sky Economic Development Trust Fund
Montana Department of Commerce
cc: Jonathan Distad, Zinovo, LLC
Paul Reichert, Prospera Business Network
Brit Fontenot, Director Economic Development, City of Bozeman
COMMERCE.MT.GOV
301 S. PARK AVE. I PO BOX 2005331 HELENA, MT 59620-0533 1 P:406.841.2870 1 F:406.841.2871 TDD:406.841.2702