The Montana Business Stabilization Grant program will provide working capital for Montana-owned small businesses with 50 or fewer employees that have sustained a loss of revenue due to COVID 19. Current funding available is $50 million, the maximum award amount per business is $10,000.
Have you increased, or plan to increase your capacity during the pandemic to help Montana families get back to work?
The Montana Innovation Grant program is intended to help companies scale up, improve capabilities, or drive expanded distribution of products or services developed in response to COVID-19. Non-profit and for-profit businesses of less than 150 employees with primary operations in Montana that have created an innovative product or service intended to directly confront the COVID-19 emergency can apply for grants of up to $25,000. Current funding available is $5 million.
Is your child care program registered as a nonprofit?
Social Services Nonprofit Grants of up to $10,000 per applicant are available for nonprofit organizations impacted by the COVID-19 public health emergency to retain existing programs and services, employees, or organizational viability for provision of future services and operations. Eligible applicants are registered, Montana-based social service nonprofits that were operating prior to February 15, 2020. Current funding available is $10 million.
Were you unable to your rent or mortgage in part, or full, in April or May? Do you expect to not be able to pay yout rent or mortgage in part, or full, in June?
Emergency Housing Assistance Program will provide rent, security deposit, mortgage payment, and/or hazard insurance assistance as-needed for Montanans who have lost a job or substantial income loss as a result of COVID-19. Initial payments may include up to three months assistance where the eligible household can demonstrate arrears for April and May, with continuable inability to make their June payment. Montana Housing will pay the difference between 30 percent of the household’s current gross monthly income and their eligible housing assistance costs, up to $2,000 a month. Household income limits range from $75,000-$125,000 based on family size. Montanans receiving other forms of housing assistance are not eligible. Total funding available is $50 million.
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