HomeMy WebLinkAbout12-17-18 Correspondence - Montana Department of Commerce to Andrus - BSTF Contract Release of Funds to Profitable Ideas, Inc. (PIE) BULLCK
D RE TORBY-COTE M O N TA N A STEVEGOVERONOR
41111 DEPARTMENT OF COMMERCE
•
December 17, 2018
Mayor Cyndy Andrus
City of Bozeman
P O Box 1230
Bozeman, MT 59771-1230
RE: Montana Department of Commerce's Big Sky Economic Development Trust Fund
(BSTF) Program, Contract # MT-BSTF-1-19-06, Profitable Ideas, Inc. (PIE)
Dear Mayor Andrus:
The Montana Department of Commerce (Department) has reviewed the documentation
submitted for completion of start-up requirements for City of Bozeman. The City of
Bozeman will provide up to $40,000.00 of BSTF funds to assist Profitable Ideas, Inc. (PIE)
with wage reimbursement. Profitable Ideas, Inc. (PIE) has agreed to the creation of 8 net
new full time jobs that meet the BSTF required wage rate of at least $19.58 per hour,
excluding benefits. The BSTF contract was signed by the Department Director on August
28, 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) 841-2250 or you may email
me at arobinson3@mt.gov.
Sincerely,
Ann arie obinson
Section Manager
Big Sky Economic Development Trust Fund
Montana Department of Commerce
cc: David Atherton, Prospera Business Network
Renee Storm, Profitable Ideas, Inc.
COMMERCE.MT.GOV
301 S. PARK AVE. I PO BOX 200533 1 HELENA, MT 59620-0533 1 P:406.841.2870 F:406.841.2871 TDD:406.841.2702