HomeMy WebLinkAbout05-30-25 Correspondence - MT Dept of Commerce - Commerce Weekly Roundup - Volume 2, Issue 22From:Montana Department of CommerceTo:Bozeman Public CommentSubject:[EXTERNAL]Commerce Weekly Roundup - Volume 2, Issue 22Date:Thursday, May 29, 2025 2:01:12 PM
CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you
recognize the sender and know the content is safe.
May 29, 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 join by
Zoom.
The Montana State Small Business Credit Initiative 2.0 Loan Participation
Program application portal for remaining Tranche Three funds re-opened 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. A list of participating lenders with funds for recycling can be found on
the SSBCI webpage.
Native American Collateral Support Program funding available: The NACS
Program is currently accepting applications; $91,007.51 in cash funding is available.
For more information, contact Program Specialist Chris Ryan at chris.ryan@mt.gov or
406-841-2594.
The Wood Products Revolving Loan Fund has temporarily paused acceptance of
new applications as we move through the administrative rulemaking process. The
proposed ARM guidelines were published on May 23, 2025 by the Secretary of State’s
Office; a public hearing has been scheduled for June 10, 2025. To view the Notice of
Proposal, visit: ARM Proposal Notice.
We’re committed to ensuring the program continues to serve Montana’s wood products
industry effectively and will share further updates as they become available.
Housing
Montana Board of Housing Public Meeting – June 9, 2025.
Montana Board of Housing Public Meeting – July 14, 2025.
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.
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.
Commerce News
Commerce Awards Small Business Grants to 25 Native-Owned Businesses in
Montana
MFFA Nationally Recognized for C-PACE Project
Commerce is improving our communications to better
serve you.
Commerce is working to improve the many ways you interact with our programs and
services through updated communication options. To give you more information via
fewer emails, Commerce's updated communications will include the Commerce
"Weekly Roundup" with news, events, grants, loans, funding opportunities and other
important updates; a quarterly newsletter; press releases and urgent information when
needed, like administrative rules making communications and other statutorily required
notifications. You can update your subscriber preferences anytime.
UPDATE PREFERENCES
Montana Department of Commerce
301 S Park Ave, Helena, MT 59620
Contact Us: 406-841-2700
commerce.mt.gov
This email was sent to comments@bozeman.net using GovDelivery Communications Cloud on behalf of: MontanaDepartment of Commerce · P.O. Box 200501 · Helena, MT 59620-0501
View as a webpage Unsubscribe
Update your subscriptions, modify your password or email address, or stop subscriptions at any time on yourSubscriber Preferences Page. You will need to use your email address to log in.
Discover information about additional topics at Commerce. Sign up for more topics.
If you have questions or problems with the subscription service, please visit subscriberhelp.govdelivery.com.
Montana Department of Commerce
301 S Park Ave, Helena, MT 59620
406-841-2700