HomeMy WebLinkAbout07-03-25 Correspondence - MT Dept of Commerce - Commerce Weekly Roundup - Volume 2, Issue 27From:Montana Department of CommerceTo:Bozeman Public CommentSubject:[EXTERNAL]Commerce Weekly Roundup - Volume 2, Issue 27Date:Thursday, July 3, 2025 10:09:01 AM
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July 3, 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.
Reminder to Grantees About Commerce Branding
The Montana Department of Commerce has updated brand resources available for
grantees to use when crediting Commerce’s sponsorship of an event, project, etc. The
Commerce brand book, usage guidelines and downloadable logos are at
commerce.mt.gov/public-participation/commerce-brand. Please refer to these
resources when developing print or digital materials that will include the new
Commerce logo, which was rolled out last year. The Commerce MarComms team is
always happy to help with branding questions and can be reached by contacting CMO
Mitch Staley at mitch.staley@mt.gov.
Business
The Montana State Small Business Credit Initiative 2.0 Loan Participation
Program application portal for remaining Tranche Three funds will reopen from
July 14, 2025 through Aug. 1, 2025, to deploy remaining funds. Prospective borrowers
are encouraged to start conversations now with their primary or participating lenders to
prepare for what is likely the program’s final application window. 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; $116,763.43 in cash funding is available.
For more information, contact Program Specialist Chris Ryan at chris.ryan@mt.gov or
406-841-2594.
Housing
Housing Coordinating Team Meeting: July 10, 2025, at 10 a.m. Garth B. Rieman,
director of Housing Advocacy and Strategic Initiatives with the National Council of
State Housing Agencies, will join the Housing Coordinating Team meeting as a guest
speaker. His "Washington Update" will provide an overview of current happenings in
Congress, including the One Big Beautiful Bill and the administration’s proposed Fiscal
Year 2026 budget. Commerce staff, especially those interested in federal budget
happenings around affordable housing programs, are encouraged to attend the
meeting.
Montana Board of Housing Public Meeting: July 14, 2025.
Montana Board of Housing Public Meeting: Aug. 11, 2025.
CDBG-Housing, HOME Investment Partnerships Program and National Housing
Trust Fund applications are due Sept. 17, 2025. Commerce will have up to
$3,150,000 in CDBG-Housing funds to award; $2,713,000 in HOME and $2,821,000 in
HTF. Award decisions will be announced in November. The combined HOME and HTF
application guidelines are available on the HOME or HTF web pages. An updated
uniform application has also been posted.
Draft CDBG-Housing Application Guidelines for housing development and
rehabilitation will be available for public comment this summer. The newly proposed
guidelines are simplified and similar to the HOME and HTF application guidelines.
Commerce News/Upcoming Events
Commerce Staff Receive Ally Awards from Great Falls Development Alliance
Commerce Awards Grant Funding to Three Coal-Impacted Communities
The Montana Heritage Commission's Living History Program presents "Living
History Presentations"July 5-6, 2025 in Nevada City.
Commerce is improving our communications to better
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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
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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