Missoula tech company Submittable receives grants for $187K

A Missoula technology company is the beneficiary of two grants, worth a total of $187,500, from the Montana Department of Commerce’s Big Sky Economic Development Trust Fund.

Submittable Inc., http://www.submittable.com a company that created a cloud-based content curation platform for publishers, will use the money for training and to hire 15 new employees over the next two years.

A large portion of the grant money comes from an unlikely source: coal. The state reserves 50 percent of coal tax revenue in the state for a permanent coal tax trust fund, and a quarter of that amount goes into the Big Sky Development Trust Fund to stimulate job creation and planning grants across the state.

By David Erickson

Full Story: http://ravallirepublic.com/news/state-and-regional/article_3b177a7e-9b6b-5936-bfc1-04f6c2f4f3e9.html