A proposed new industrial park at Fort Benton has been awarded a $1.7 million grant from the federal government to provide transportation, water, wastewater and stormwater infrastructure. The grant is expected to be matched with $1.7 million in local funds, according to an announcement from U.S. Secretary of Commerce Gina M. Raimondo, Department’s Economic Development Administration (EDA)
The project is projected to create 75 jobs and generate $12 million in private investment.
Raimondo said the expenditure of federal funds “will provide critical infrastructure for a new 105-acre industrial park that will support the growth of the local agricultural industry and diversify the regional economy.”
Governor Greg Gianforte said, “Through infrastructure improvements like these, Fort Benton and Chouteau County will boost their thriving agricultural community and attract businesses to locate, bringing more good-paying Montana jobs to the area.”
This project is being proposed by the Bear Paw Economic Development District (EDD).