The Incumbent Worker Training program through the Montana Department of Labor and Industry provides grant funds to primary sector businesses for training of new, full-time and part-time workers. Primary sector is defined as a business with at least 50 percent of its sales from outside of Montana, or a manufacturing company with 50 percent of its sales from companies that have 50 percent of their sales outside of Montana. The grant review committee may award workforce training grants up to $5,000 per eligible full-time trainee, or $2,500 per part-time trainee, to primary sector businesses that provide education or skills-based training. A company must pay the trainees’ wages and benefits of at least the lower of the average county wage or average state wage.
Access to Capital
Most successful businesses require outside capital to expand and grow revenue.
back to Grow a Business Here
Whether you need a low-interest real estate or infrastructure loan, workforce training grant, or angel funding, Missoula Economic Partnership can connect you with the resources to help make your business happen here. Through our working relationships with government agencies, financial institutions, and community development organizations across the region, we will direct you to the most appropriate sources of capital to fit your company’s needs. In many cases, we take an active role in assisting companies with the process of assembling documentation and application materials.
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Incumbent Worker Training Grants
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Community Development Block Grant Program
Administered by Missoula County, federal Community Development Block Grant funds through the Montana Department of Commerce stimulate economic development activity by assisting the private sector to create or retain jobs for low- and moderate-income persons primarily through loans to businesses. Funding is also available to companies for employee training and infrastructure. The program is designed to assist businesses by making fixed-rate financing available to them at reasonable interest rates, given the risk of the project, and to provide public improvements in support of economic development activities.