Project Grant 057906131

Award Date 9/29/21
Completion Date Not listed
Dollars Obligated $3M
Federal Grant Program
11.307
Assistance Type
Project Grant
Place of Performance
Colstrip, MT 59323, USA
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The grant funds will support the construction of a Business Innovation Center in Colstrip, Montana to address economic challenges from the closure of local coal plants. The Center will provide business support services to emerging companies, workforce training for dislocated workers, and entrepreneurial resources for the region. It is expected to lead to approximately 71 new jobs and over $11 million in private investment over nine years. The project builds on regional economic development planning led by the Southeastern Montana Development Corporation to strengthen the local economy through public-private partnerships and job creation.

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