HomeMy WebLinkAbout05-16-25 Correspondence - Mt Dept of Commerce - Commerce Weekly Roundup - Volume 2, Issue 20From:Montana Department of CommerceTo:Bozeman Public CommentSubject:[EXTERNAL]Commerce Weekly Roundup - Volume 2, Issue 20Date:Thursday, May 15, 2025 2:01:18 PM
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May 15, 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.
Tourism Advisory Council Public Meeting: June 3-4, 2025, in Glasgow or by join
Zoom.
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.
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 started 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.
Community Development Block Grant income survey training: June 9, 2025, at 1
p.m. via Zoom. Proposed CDBG projects must show at least 51 percent of the
community served is low- to moderate- income. One of the ways CDBG applicants can
demonstrate compliance with the Low- and Moderate-Income requirements for the
program is to complete an income survey. This training will discuss the process for
determining if a project needs an income survey, the acceptable income survey
formats and the Commerce approval process.
The Consolidated Annual Performance and Evaluation Report public comment
period and public hearing is forthcoming. The Montana Departments of Commerce and
Public Health and Human Services will hold a public hearing on May 22, 2025, at 2
p.m. via Zoom; register here. The public comment period will begin May 19, 2025, and
end June 6, 2025. CAPER covers the period from April 1, 2024, to March 31, 2025.
Public comments regarding the 2024-2025 CAPER must be submitted to the following
address or email no later than June 6, 2025, at 5 p.m. MST: Montana Department of
Commerce, Community MT Division, Attention: Con Plan, 301 S. Park Avenue, P.O.
Box 200523, Helena, MT 59620-0523, docconplan@mt.gov.
Commerce News
Montana Board of Housing Turns 50
Montana Homeowner Assistance Fund Ends Homeowner Insurance Support
Great Falls Montana SBDC Rural Business Advisor Wins National Award for
Excellence
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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