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The Catalyst – E-Newsletter from Prospera – March 2021 Edition

Prospera
 
 
$300,000 Awarded to Small Businesses 
Nearly $300,000 has been awarded to small businesses in the City of Bozeman from the Bozeman COVID Small Business Recovery Fund. The fund was created via a partnership between Prospera and the City in January with the initial funding round opening in February.

 

Two rounds of business grants and micro loans have been processed to date, with about 30 businesses successfully participating.  A 3rd round of grants and microloans will be available with the application process opening on March 24th at 8am, on the Prospera website.

 

The eligibility criteria and checklists needed for applications are here Application Checklist

 

Please carefully review these items before applying to ensure your business is eligible and that documents needed for the application are ready. Funds are only available for businesses located in the city limits of Bozeman.

Highlights
New Business Loan in Gardiner MT

Neli and Dimitar Nikolov operate the landmark Corral Restaurant in Gardiner, MT. They are active in the community and the Gardiner Chamber of Commerce and employ upwards of 20 people during the peak season. They recently secured Prospera loan funds to help them finance the completion of a new building that will add to their business operations with extended stay rentals and additional housing for their employees.

 

Prospera has significant demand for its loan financings from our service area in Gallatin and Park counties. We will be announcing new projects soon that include business expansions in Bozeman, Belgrade and Three Forks.

APPLY HERE
Emerging Companies Roundtable

Do you have a company with about 10+ employees and $1M in annual revenue, or more?

 

Prospera is hosting its 4th Annual Emerging Companies Roundtable starting in May 2021.

The Roundtable brings together a small group of peer business leaders who support and strategize together on how to grow their Montana business.

 

This year the Roundtable will host visiting experts on topics like workforce development, finance, exit planning and more so meaningful conversations can happen. The program is designed to serve CEOs, founders, or senior management to help them lead Montana’s best emerging companies.

 

Applications are open now.

If you interested in being part of the Roundtable, apply before March 31, 2021

Updates
Local Companies Awarded Business Development Grants
With support from the MT Department of Commerce Big Sky Trust Fund Program, Prospera has been awarded three business development grants. The grants will provide support to each business that is in the process of planning to expand operations in the Bozeman area.

 

  1. Salient TechnologiesThis award-winning prototype and product design company will use their grant to plan for additional development sites for themselves and other tech-type companies that may want to locate near their invention lab and makers-space.
  2. INDUSTRY: This “co-work” company is reimaging the modern office space. With operations in Denver, Salt Lake and other locations – this will be their first foray into Montana, with the grant project helping them with site planning for a new building.
  3. PurCell Bio: This MSU biotech start up has won multiple awards for their technology and its applications for cell testing, drug development and more. The grant project will help them take the next step to commercialization with the creation of an industry standard GMP plan for a new manufacturing facility.

 

BUSINESS GRANTS
Homeowner Fix-Up Festival (Bozeman Sunrise Rotary)
Disadvantaged homeowners in Belgrade, Bozeman, Four Corners or Gallatin Gateway, MT can apply for a one-day fix up project for their home. Projects and repairs can include renovations within the scope of 1-day for a small group of volunteers. Projects can include carpentry, deck repairs or replacements, plumbing and electrical repairs, plastering and painting, windows and weatherization, roof and gutter repair, yard cleanup, trash removal, and installation of wheelchair ramps, railings and grab bars are all eligible.

 

Applicants must be low income (via HRDC screening process) and be homeowners who live in the home; owners of mobile and modular homes qualify. Preference will be given to elderly, disabled and veteran homeowners, however, all low-income homeowners are eligible.

Applications are open until April 1, 2021 – with a workday planned for September 2021.

Bozeman Sunrise Rotary Application
Downtown Bozeman Lease Rates
Downtown Bozeman Partnership recently completed a survey of local businesses to help determine area costs.  A summary of the findings:
35th Annual Prospera Business Awards Luncheon
Join us on Tuesday, April 20th 11:00 am -1:00 pm to celebrate 20 finalist for our 35th Annual Business Awards. This in-person and virtual event will take place at the GranTree and Hilton Garden Inn so that we can maintain social distancing and still enjoy some in-person time together with our community.

 

Tickets are limited, so please register soon.

Awards Luncheon
Our philosophy is Business & Community because we are all in this together. We help entrepreneurs, business owners and communities access the technical assistance, business support and key resources they need to be successful.

 

If you are in business, expanding or have Entrepreneurial aspirations contact our business support team at [email protected] or call 406.587.3113.

Paul Reichert – Executive Director

Creating a Pathway to Success for Businesses and Communities

Since 1985

Prospera Business Network | 2015 Charlotte Street, Suite 1, Bozeman, MT 59718

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Prospera Business Network is the lead non-profit organization advancing and supporting community-centered economic development in southwest Montana. Our focus is helping people start and grow their business – in turn strengthening our region’s economy and communities.

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Dorsey & Whitney - An International business law firm, applying a business perspective to clients' needs in Missoula, Montana and beyond.

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