HomeMy WebLinkAbout05-09-25 Correspondence - MT Dept of Commerce - Commerce Weekly Roundup - Volume 2, Issue 19From:Montana Department of CommerceTo:Bozeman Public CommentSubject:[EXTERNAL]Commerce Weekly Roundup - Volume 2, Issue 19Date:Thursday, May 8, 2025 2:01:16 PM
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May 8, 2025 – News, events, grants, loans and other funding opportunities
Montana Department of Commerce
Weekly Roundup
The Weekly Roundup is a summary of events, news and information important to
Commerce's constituents this week. Click on any topic for more information.
Business
Native American Collateral Support Program funding available: The NACS
Program is currently accepting applications; $91,007.51 in cash funding is available,
with an additional $10,125 expected by the end of May. For more information, contact
Program Specialist Chris Ryan at chris.ryan@mt.gov or 406-841-2594.
The Montana State Small Business Credit Initiative 2.0 Loan Participation
Program application portal for remaining Tranche Three funds will re-open May
20, 2025, and will close at midnight on June 30, 2025. Participating lenders who have
funds available for recycling must access those funds prior to applying for the
remaining Tranche Three funds. This is expected to be the final round of SSBCI
funding. Future opportunities will be supported through recycled SSBCI 2.0 funds as
loans are repaid.
The Montana State Small Business Credit Initiative 2.0 Loan Participation
Program-Recycled Funds application is now open and will remain so for the
duration of the program, with capital availability contingent on repayments from existing
borrowers. For more information, view the recent SSBCI press release.
The Wood Products Revolving Loan Fund has temporarily paused acceptance of
new applications as we move through the administrative rulemaking process. We’re
committed to ensuring the program continues to serve Montana’s wood products
industry effectively and will share more information as it becomes available.
Closing soon: The Opportunities in Rural Economies Planning Grant application
cycle is open through May 11, 2025, at 11:59 p.m.
Housing
Montana Board of Housing Public Meeting: May 12, 2025.
Register now for Lender Training-Billings Homeownership Solutions Lunch and
Learn: May 19, 2025.
Register now for the 2025 Montana Housing Partnership Conference: May 19-21,
2025, in Billings.
Infrastructure and Planning
Commerce's Community MT Division is accepting comments on the proposed
updates to the Community Development Block Grant’s Administration Manual.
The public comment period starts May 9, 2025 and ends June 6, 2025. A public
hearing is scheduled for May 29, 2025 at 10 a.m. Register for the public hearing.
Commerce News
Billings Company Named 2024 Montana Exporter of the Year
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UPDATE PREFERENCES
Montana Department of Commerce
301 S Park Ave, Helena, MT 59620
Contact Us: 406-841-2700
commerce.mt.gov
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Montana Department of Commerce
301 S Park Ave, Helena, MT 59620
406-841-2700