Author: Press Room

New MetraPark Manager

26 July 2023
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Stoney Field of Montrose County Colorado has been named as MetraPark’s new general manager.

According to a press release, the choice was unanimous among Yellowstone County Commissioners.

Field most recently served, for the past six years, as the Fairgrounds and Events Center Director in Montrose County, Colorado. Field’s first day on the job will be August 7.

His experience includes background in rodeo, livestock and ag related events and programs, along with community events and concerts. 

Field has worked at every level of events from being a participant, to organizing, promoting, staging and conducting numerous types of shows and productions. 

“We had a number of well qualified candidates for this important opening”, said Yellowstone County Commission Chairman John Ostlund. 

“It speaks well to the reputation earned by Metra and its staff over the years as a premier venue in our region. We sought creative leadership, the ability to build and manage successful teams, a track record that demonstrates to us that the general manager selected has the ability to involve our entire region in the mission of MetraPark, while keeping an eye on increasing revenues and keeping expenses in line in order that we give our taxpayers the best bang for their buck. Stoney has built strong ties with promoters, vendors, volunteer groups and especially his customers. We are confident that Stoney will help us grow in ag events, along with fair profitability, concerts, sporting events and family friendly events equally, giving our region a wide range of opportunities to spend their entertainment dollars with us.” s

New CEO of YWCA

26 July 2023
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The  YWCA Billings has announced the appointment of Erin Lambert as the new CEO of YWCA Billings. Lambert has extensive experience with the YWCA having served YWCA Billings over the past 18 years.  Lambert is a non-profit management professional with a deep-rooted familiarity of YWCA Billings. She has expertise in trauma-informed care and is dedicated to the field of domestic and sexual violence, as well as human trafficking. Her tenure with YWCA has allowed her to develop expertise in trauma-informed care program delivery and design. Lambert’s dedication to the field of domestic and sexual violence, as well as human trafficking, has earned her recognition throughout the community.

NAM Forms Council of Manufacturing

26 July 2023
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The National Association of Manufacturers (NAM), along with members of the NAM’s Council of Manufacturing Associations and Conference of State Manufacturers Associations, has launched Manufacturers for Sensible Regulations, a group aimed at addressing the unworkable onslaught of rules that has emerged from the Biden administration in recent months.

—More than 63% of manufacturers say they spend more than 2,000 hours a year complying with federal regulations, according to the NAM’s Q2 2023 Manufacturers’ Outlook Survey.

—The percentage of manufacturers with a positive outlook on the future of their business is at its lowest in almost four years, according to the survey.

 “Washington is creating tremendous doubt across our sector at a time when we’re still dealing with economic uncertainty,” NAM President and CEO Jay Timmons said.

“The unbalanced regulations coming out of this administration threaten to undermine our ability to grow, compete and win on a global scale,” added American Cleaning Institute President and CEO, NAM board member and CMA Chair Melissa Hockstad.

The new coalition is already meeting with key members of the Biden administration and Congress to share the impact the numerous regulations have had on the manufacturing industry.

“We will work with our state partners and the White House to find solutions to help grow our sector in the most responsible way possible,” said Utah Manufacturers Association President and CEO, NAM board member and COSMA Chair Todd Bingham

MSU Eastern Extension Studies Camelina, Canola as Sugar Beet Replacement

26 July 2023
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Dr. Chengci Chen, MSU-EARC professor of agronomy and superintendent recently presented, in Sidney, the results of a study of camelina and canola as potential rotational crops for dryland and irrigated production systems. The study is being conducted at Montana State University Eastern Agricultural Research Center’s (EARC).

“Demands for oilseeds has increased in recent years; canola and camelina could be profitable alternatives to sugar beets, especially because the demand for camelina for biofuel production is surging,” said Chen, adding that several companies are seeking millions of acres for camelina production.

Camelina is a new crop to this area and both canola and camelina are suitable in rotation with crops such as wheat and barley and could potentially make a more profitable and resilient crop system. They are suitable for dryland and irrigated farming, though they have a higher yield under irrigation but plant disease is a concern. Research at EARC also aims at selecting cultivars that can produce higher yield with less input, especially nitrogen input. 

Chen’s research will offer vital information including cultivar adaptability and yield potential and agronomic management strategies for these alternative crops including fertility needs, planting time and rate, irrigation management, weed control, harvesting method, and disease management.

“Agriculture is very important to our community. With sugar beets out, and a lot of uncertainty, we want to find alternatives for growers that are profitable,” Chen explained. He went on to add of their research, “We don’t want farmers to fail on a large scale. Our research in small plot-scale allows us to figure out what cultivators can and what can’t grow in this environment and the agronomic strategies for these new crops before farmers take these crops to their farms for large-scale production.”

Dr. Chen welcomes farmers and the general public to attend the field to learn the work the scientists are doing at EARC and see the crop performance. Dr. Chen also wants to thank local businesses for sponsoring the luncheon at the field day.

Montana Home School Heroes

26 July 2023
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By Lawrence Reed, Director of Frontier Institute

“On this important question, the verdict is in and it is definitive: The one ingredient that makes the most difference in educational outcomes is parental involvement.”

Of all the ingredients in the recipe for educating children, which one has the greatest potential to improve student outcomes?

Teacher unions would put higher salaries for their members at the top of the list, to which we should all respond, “Been there, done that!” Teacher compensation has risen generously around the country, while indicators of pupil performance have stagnated or fallen.

What about smaller class size, a longer school year, more money for computers, or simply more money for fill-in-the-blank? Evidence strongly suggests that those elements bear little or no connection to student success. On this important question, the verdict is in and it is definitive: The one ingredient that makes the most difference in educational outcomes is parental involvement. 

Homeschooling is the ultimate in parental involvement. Parents who give up time and income to directly supervise the education of their children are exercising the ultimate parental responsibility. Recognizing these heroes in our midst is long overdue.

The California-based Reason Foundation reports that in the 18 years between 2002 and 2020, spending per pupil in Montana public schools rose to nearly $14,000—an increase of 25 percent in real terms, after accounting for inflation. That means that the state’s roughly 7,400 home school children (as reported by the Associated Press) are saving Montana taxpayers well over ten million bucks this year. Nationwide, home schoolers save the public upwards of $56 billion. The average homeschool household spends under $1,000 of its own income to educate a child, even as it still pays taxes to a system it doesn’t use. 

Study after study show that home education gets far more bang for the bucks than schools run by government do. Scores on achievement tests are off-the-charts but perhaps most remarkably, according to the National Home Education Research Institute, are these facts: “Whether homeschool parents were ever certified teachers is not related” to those test scores, and the “degree of state control and regulation of homeschooling is not related to academic achievement” either. And the best colleges and universities are eager to recruit homeschooled students.

As explained by Marianna Brashear of the Foundation for Economic Education: “The word ‘schooling’ in homeschooling is misleading because education takes place in and out of formal lessons, including field trips and hands-on learning. The biggest waste of time in schools comes not just from questionable or one-sided content, but also from ‘teaching to the test,’ where kids memorize, regurgitate, and forget.”

Teaching children at home isn’t for everyone. There are good schools—private, and public—that are doing a better job than some parents could do. But homeschooling is working very well for the growing number of parents and children who choose it. You don’t hear much about this because parents don’t have their own tax-funded PR departments.

Parents who homeschool often want a strong moral focus. Others are fleeing unsafe schools where discipline and academics take a backseat to silly fads and politically correct dogma. Many homeschool parents complain about the pervasiveness in public schools of instructional methods that border on pedagogical malpractice, including drag queen story hours and far-Left indoctrination. Others value the flexibility to travel with their children for hands-on, educational purposes; the ability to customize curricula to each child’s needs and interests; and the potential to strengthen relationships within the family.

There’s no evidence that homeschooled children make anything but fine, solid citizens who respect others and work hard as adults. At least instinctively, we all seem to know that. When we hear of bullying, rioting, drug abuse or unruliness, nobody thinks, “Oh, there go the home school kids again.” 

Treasure State parents who are interested in exploring this proven education option should take a look at the website of the Montana Coalition of Home Educators. How to get started, how to comply with the law, what resources are available—it’s all there. Do your children a favor and give it a look.

Montana Highlights July 15, 2023

26 July 2023
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Five years ago, Flathead Valley United began planning  to develope an indoor training facility. The land purchase was finalized in 2021 and the soccer club is moving forward with development. The planned 16,800-square-foot indoor sporting facility will be located in Evergreen, where it will be located next to Evergreen Middle School. The indoor facility space will be maximized to allow for a 7v7 or 9v9 field, with a mezzanine seating area.

Owner Kyle Pemberton formed the idea of Man of the Woods after making house calls to cut clients’ hair. The mobile barbershop, Man of the Woods, is the first in the state of Montana. This year, they cut hair in temperatures as low as 30 below zero. Man of the Woods operates seven days a week in Big Sky and around Bozeman

“The Amenity Trap: How high-amenity communities can avoid being loved to death,” focuses on four broad categories in which tourism destinations increasingly struggle: housing, infrastructure and public services, fiscal policy, and natural disasters. The report was produced by Headwaters Economics of Bozeman. The report examines how increasing levels of outdoor-recreation tourism can become stressors in those areas, and how some communities have addressed the challenges .

Wade Fellin  is owner of the Big Hole Lodge in Wise River Montana and fishing guide. For years, trout in the Big Hole and other area rivers have seen population declines, with some sections reporting less than 1,000 trout per mile. The declines prompted Montana Fish Wildlife and Parks to issue emergency angling restrictions on the Big Hole, Ruby, and Beaverhead Rivers this June. FWP has acknowledged that low stream flows and high-water temperatures are stressing fish to the point of population decline. Fellin and other Montana anglers and outfitting businesses created the Save Wild Trout Campaign this June. The campaign aims to raise at least $500,000 in its first year to hire a team of private and independent scientists to study the fish declines.

The Bookshelf in downtown Kalispell was purchased by Stephanie Pius in June of this year. When Stephanie, a lover of books herself, bought the business on Main Street, she said it never occurred to change the store away from a bookstore. Pius looks forward to making the store her own .

The Gaul family recently began a “glamping” business.Bridger and Annie Gaul, have opened a luxurious form of camping on property they own on Flathead River near Paradise.

A long-awaited grant of $30.5 million for a road construction project on U.S. Highway 93 south of Ninepipe Reservoir in the Mission Valley has gained momentum. The Confederated Salish and Kootenai Tribes will receive the funding as part of a larger pot of $130.5 million disbursed by the Federal Highway Administration. The 3 mile project includes a multi-span bridge over Post Creek with an uphill passing lane, and a multi-use bike and walking path. It will also include infrastructure to reduce wildlife collisions and other safety improvements         .

The Missoula Urban Transportation District was selected to receive $39.1 million through FTA’s FY 23 Low- or No-Emission Vehicle Program and Grants for Buses and Bus Facilities Program. The funding comes from the U.S. Department of Transportation’s Federal Transit Administration, which recently announced 130 awards totaling nearly $1.7 billion from the Infrastructure Law for transit projects in 46 states and territories

The Whitefish City Council is considering holding a public hearing in August to ask voters to reallocating a portion of the city’s resort tax toward funding affordable community housing development and programs. Any change to resort tax allocations would require voter approval, with the council having the final say on whether to ask voters to weigh in at the ballot box during this fall’s elections.

Sun Mountain Lumber, Deer Lodge, has purchased the R-Y Timber mill in Livingston and plan to reopen the facility

The Montana Department of Transportation (MDT) and KLE Construction Inc. have substantially completed the Hardin-South project. The Hardin-South project was a roadway reconstruction project?focused on?improving State Secondary Highway 313 (S 313) by addressing wear and tear and improving the service life of the roadway. Additionally, there is a new structure?over?Williams Coulee, and the Two?Leggins?Canal structure has been updated with new guardrail. 

After being acquired by the Young Automotive Group, Flanagan Motors Mazda has become Young Mazda of Missoula. Paul Byron is Young Mazda Missoula’s new general manager, Founded in 1925 by Jack Olsen, the Young Automotive Group has 29 locations across northern Utah and southern Idaho. Young Mazda Missoula will be their first Montana dealership. Flanagan Motors Mazda opened 47 years ago.Once the acquisition is completed, current owner Shannon Flanagan will take on a new role as the community service representative manager.

MMEC Gets $400,000 to Improve Supply Chains

26 July 2023
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As part of a federal effort to build resilient supply chains, the Montana Manufacturing Extension Center at Montana State University has been awarded $400,000 to offer increased services and resources to manufacturers in the state.

The CHIPS and Science Act of 2022 authorized $20 million that’s being distributed through the National Institute of Standards and Technology’s Manufacturing Extension Partnership, a nationwide network of outreach centers like MMEC that receive federal funding to enhance U.S. manufacturing, according to Jenni West, MMEC’s associate director.

The funding has allowed MMEC to hire a full-time supply chain project manager, Jeff Peterson, and will enable MMEC to offer a variety of trainings and services to help Montana manufacturers more easily access parts and materials from domestic suppliers, West said. The effort comes in the wake of supply chain disruptions related to the pandemic that have been challenging for manufacturers in the state, she said.

“This is going to allow us to expand our work with Montana manufacturers to help them build supply chains that are more reliable because they’re based around other manufacturers like them in the U.S.,” West said. The effort could also open new market opportunities for Montana companies as they provide goods that other manufacturers in the U.S. need, she added.

MMEC has an existing supplier scouting program that helps Montana manufacturers locate parts and goods that are difficult to source. It also connects them with opportunities to respond to the supply needs of other manufacturers and federal agencies. Within the new federal effort, called MEP’s National Supply Chain Optimization and Intelligence Network, or SCOIN, that work will be expanded as part of a national framework that helps connect small suppliers to more opportunities in the supply chain, West explained.

“A lot of it will depend on our outreach to Montana manufacturers and the connections and relationships we form,” West said.

MMEC, which is housed in MSU’s Norm Asbjornson College of Engineering, is a statewide manufacturing outreach and assistance center that provides solutions to help Montana manufacturers grow, innovate and enhance their businesses. Since 2002, MMEC’s clients have reported $1.5 billion in new and retained sales, more than 7,000 new and retained jobs, $364 million in new investments and $184 million in cost savings.

Local Planners Set Transportation Plans  – 416 Projects at Cost of $934 million

26 July 2023
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The Long Range Transportation Plan (LRTP) for the Billings MPO (Metropolitan Planning Organization) is going through the final steps of being fully approved by the City of Billings, Yellowstone County, the Planning Board and the PCC (Policy Planning Committee which serves as the local MPO). The LRTP lays out the immediate and long term – –  20 years —  transportation projects that are considered important by the community, and prioritizes them.

The estimated cost of the proposed and recommended projects for the Billings MPO total, from 2024-33, $443,062,726. From 2034-45 they total $491,140,675. The estimated available revenue ($1.251 billion) is greater than the estimated total costs ($934.2 million) to implement the committed and recommended projects for the 2023 LRTP, which means the plan is fiscally responsible.

The Draft 2023 LRTP, which was presented to, and approved by Yellowstone County Commissioners, last week, includes  updates  to current transportation conditions, forecasts future population impact on the transportation system, models future traffic volumes through to 2045, and includes transportation project priorities. It was prepared for the City of Billings by Kittelson & Assoc. and DOWL.

The lion’s share of the 416 projects included in the 20-year Billings MPO plan are for multi-use trails and bicycle trails with 86 multi-use trails  and 124 bicycle trails. The next largest category is 81 roadway projects, which includes widening, reconstruction, space allocation, pavement preservation, signage, bridge rehabilitation, railroad crossings, pavement of gravel roads, etc.;  followed by 56 intersection projects, which includes safety studies, new stop signs new traffic signals, new roundabout, turn lanes, ADA upgrades and interchange layouts. Fifteen Congestion Management projects are included, which involve signal timing signal equipment, signs and warning systems. There are 22 Safe Route to School projects which involve projects identified in the 2022 school plan update; followed by 18 transit projects with include transit facilities, improvement, bus replacements, electric vehicle charging stations, and other upgrades.

Of the 416 projects in the plan, 63 are committed projects which are already included as existing projects in the Montana STIP, the MPO TIP, or the City of Billings CIP. Projects prioritized as “recommended” are those expected to be fully funded by year 2045. Illustrative projects are not expected to be funded by 2045 due to fiscal constraint but could be included in the adopted Long Range Transportation Plan if additional resources become available.

Funding comes from a combination of sources including federal, state and local revenues. The report explains “As transportation technologies continue to evolve, funding sources that were once lucrative, such as gas taxes, may become less relevant. To supplement and eventually replace obsolete funding sources, there are several funding sources that are emerging, including congestion pricing, mileage-based fees, variable parking fees, and electric vehicle charging taxes.”

Charging tolls is an option for heavily used roadways to reduce demand and to raise revenue.

Another future source for more funding is Mileage-Based Fees — also known as “Vehicle Miles Traveled” (VMT) fees. This funding source charges drivers directly for each mile traveled, either through odometer readings at annual vehicle registrations or GPS-based systems. Oregon and California have piloted mileage-based systems since the 2000’s, and other states are considering them.

Variable Parking Fees are similar to congestion pricing, charging fees for vehicular parking based on location, availability, and the time of day.

Electric Vehicle Charging Tax is emerging as a funding source. It levies a tax on electricity delivered to public electric vehicle charging stations. The Montana State Legislature passed a kilowatt hours tax in 2023. The state is researching replacements for the gas tax. At present, the gas tax is the primary source of non-federal funding for roads.

The current annual allocation for the Billings#-Yellowstone County MPO is $65,587,858. The 22-year revenue projection is $1,251,530,000. Using the 22-year revenue projection, the average annual allocation is estimated at $56,880,000. The report stated that the average annual revenue projection is anticipated to increase due to changes in federal funding programs. “However, it is important to note that federal earmarks, which were a previous revenue source, are no longer expected.”

Among some of the significant projects likely to emerge in the nxt few years:

Roadway Projects:

—Downtown 2 Way Conversion of 2 way streets. The one way to two?way conversion moves toward a consistent network of two?way streets within downtown Billings. 2028, $7,400,000

— 21st Street Underpass Improvements. The 21st Street Underpass has a low clearance of only 8.5 feet, limiting the vehicles that can pass through this route. With the congestion of 27th nearby, the City will increase the clearance to standard minimum of 14 feet to provide a route for emergency vehicles or larger commercial vehicles, especially during train crossings on 27th. 2028, $11,850

—90 Incident Management will install variable message signs and road closure gates on Interstate 90 from Billings to Three Forks – will aid in communicating road conditions, accidents, or other important information about the roadway ahead. 2028, $5,600,000

— Wicks Lane – Main to Bitteroot design for the reconstruction of Wicks Lane and construction of sidewalks. Wicks Lane is an arterial that carries a volume of traffic that would be more efficient and safe if the road was reconstructed as a three lane section with multimodal facilities. 2028, $2,200,000

— Billings Bypass – Five Mile Road to US87 Construction of connection from Five Mile Road to US87, 2028, $16,207,400

— Inner Belt Loop Road Construction, 2028, $14,620,400

— 1st Avenue N – 9th to RR Crossing Major Reconstruction, 2028, $15,209,100

—Billings Bypass – Johnson Lane Interchange to RR Overpass Construction of connection from interchange to railroad overpass, 2028,$9,252,800

— Billings Bypass – Railroad Overpass Construction of new bridge over railroad, 2028, $5,301,800

Intersection Projects:

—Billings Bypass – Johnson Lane Interchange Reconstruction of existing interchange, 2028, $45,204,600

— Exposition Drive and 1st Avenue N. Intersection improvements, 2028, $10,221,500

— Zoo Drive Improvements – Safety improvements, 2028, $5,238,300

— Airport Road and Main Street – Billings Intersection improvements, 2028, $10,968,100

— Rimrock & 62nd St W Intersection Improvements – Roundabout, 2028, $7,545,300

— Lockwood Interchange – Billings Reconstruction of existing interchange to a diverging diamond design, 2045, $45,000,000

— West Billings Interchange Construct additional EB and WB mainline lanes through interchange, modify vertical curve, reconstruct bridge segments (Laurel Rd and Mullowney) and restripe WB off-ramp at West Billings Interchange, 2045, $26 million.

Congestion Management

—27th Street RRXing ITS Signage and Advanced Warning System, Implement a signage and advanced warning system on 27th Street to inform transportation users of crossing delays due to incoming and stopped trains, 2033, $671,958

Pedestrian:

—a pedestrian grade separated crossing across Exposition Drive between 1st Avenue North and 6th Avenue North in 2028, $4 million.

— Sidewalk on Old Hardin Rd between Becraft Ln and Dickie Rd, 2033, $1.9 million

— Highway 3 Pedestrian/ Bicycle Underpasses as needed for multi-use trail connection across Zimmerman Trail, and north-south connections across Highway 3 for future development. 2045, $2.2 million

Bicycle Trails:

— Terry Ave/ Howard Ave/ 24th St W. neighborhood bikeway, 2028, $240,000

— 1st Avenue N. Bicycle Lane from N 13th St. to N. 36th St, 2033, $111,229

— Minnesota/ 1st Ave S Bicycle Lane from N 13th St to State Ave., 2033, $198,127

— Montana Ave. Bicycle Lane from N 18th St to Division St., 2033, $115,574

— Jellison Rd Bicycle Lane from Blue Creek Rd to Aldona Rd, 2033, $68,649

Trail Projects:

—Skyline Trail Multi Use Path, 2028, $4,121,400

—Stagecoach Trail is an 8?foot wide shared use pathway approximately 5,300 lineal feet that will run on the east side of Zimmerman Trail from Rimrock Road to Highway 3. This trail is an essential part of the Marathon Loop and will provide a connection from the top of the Rimrocks to the valley. 2028, $3,500,000

—6th Ave N Multiuse Trail will add a trail on 6th Ave North from Exposition Drive to N 13th. 2028, $500,000

— 25th Street Pedestrian Bridge over the Railroad Tracks at 25th Street between Montana and Minnesota Avenues. 2028, $1,250,000

— Coburn Rd Multi-use Trail from Old Hardin Rd to South extent of Coburn Rd; spot improvement at Old Hardin Rd and at Rosebud Lane, 2045, $3,816,648

Transit Projects

—Metroplex expansion/ interior remodel, 2028, $1,600,000

— MET Transit Rollingstock/ Buses Replacement Vehicles, 2028, $4,045,600

— Fixed Route Redesign to provide a better rider experience across the service area without requiring more funding. The redesigned network would achieve this by revising parts of the current route network so that buses spend more time on corridors with high demand, by reducing or eliminating loops, and by providing improved connectivity between transit-oriented land uses

Gov. Gianforte Promotes New, Expanding Businesses

26 July 2023
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During a three-day swing through eastern Montana on his 56 County Tour, Governor Greg Gianforte visited new and expanding small businesses in Custer, Rosebud, and Treasure counties.

“Thanks to hardworking Montanans, we’ve seen a record number of new businesses created in our state in the last two years,” Gov. Gianforte said. “We’ll continue to foster a climate where businesses can thrive and create greater prosperity for more Montanans.”

In Rosebud County, the governor visited Wandering Acres, a farm and floral business growing flowers for weddings, special events, and floral subscription services.

This spring, owner Tamara Robertson partnered with a local business to open The Flower Bar in Forsyth, offering fresh flowers on-the-go for customers. Robertson also hosts groups to the farm to build their own bouquets.

“On their fourth-generation ranch, Tamara combined her love for flowers and her knack for customer service to create Wandering Acres,” Gov. Gianforte said. “Now, she’s expanding her young business to town, adding vibrancy to Forsyth.”

In Miles City, Gov. Gianforte visited Troggy’s Trailer Repair, owned by U.S. Navy veteran Tyler Trogden. Trogden secured a loan to purchase the trailer repair shop last year.

“The thing I love about entrepreneurs like Tyler is that they’re willing to take a risk,” Gov. Gianforte said. “He’s already paying down his debt and hired two employees to work in his shop.”

Troggy’s Trailer Repair is one of 53,000 new businesses created in Montana in 2022, a record for the state. In the governor’s first year in office, Montanans created 51,500 new businesses, eclipsing previous records by more than 12,000 businesses.

In Treasure County, the governor visited the Ogren Ranch, owned and operated by the Ogren family. Partnering with a local meat processor, the fourth-generation ranchers bring hormone-free beef to market on their online storefront, launched this spring.

“It’s no secret – Montana beef is the best beef in the world,” Gov. Gianforte said. “It’s great to see ranchers like the Ogrens bring pasture to plate right here in Treasure County, supporting jobs and strengthening our economy.”

To help small businesses, farms, and ranches, the state legislature increased the business equipment tax exemption from $100,000 in 2021 to $1 million, eliminating the tax burden for 5,000 Montana businesses.

Creating a better climate for business development and job creation, including cutting taxes, overhauling regulations, and encouraging entrepreneurship, is a central element of Governor Gianforte’s Montana Comeback Plan.

First Interstate Bank Named MoFi’s Montana Lender Partner of the Year

26 July 2023
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Billings-based First Interstate Bank has been named MoFi’s Montana Lender Partner of the Year for 2022, referring more businesses to MoFi than any other lending institution in the state. MoFi presents the award annually to its most prolific commercial lending partner, an institution that has demonstrated outstanding commitment to meeting the needs of small-business owners and entrepreneurs across Montana.

Many successful Montana businesses struggle to get the financing they need to grow. First Interstate Bank has been recognized for helping connect small-business owners and entrepreneurs across the state with a resource to meet that need – flexible, responsible capital that sees them through short-term growth and prepares them for a longer-term bank loan. That capital comes from MoFi, a nonprofit Community Development Financial Institution that provides financing and consulting services to small-business owners and entrepreneurs who are unable to receive a traditional bank loan.

The culture of connecting clients to the products and services they need is fostered by the leadership at First Interstate Bank across Montana. In 2022, First Interstate referred 42 nearly bankable businesses to MoFi, with 18 of them receiving a total of nearly $3.3 million in financing.

“First Interstate Bank is thrilled to be recognized as the leading bank in Montana identifying clients who can utilize the lending options that MoFi provides,” said Jocelyn Lane, Regional President, Montana, for First Interstate Bank. “We appreciate the partnership between our two organizations so we can provide these financial solutions to meet the needs of our clients.”

As a nonprofit community-based lender, MoFi provides flexible, responsible capital to businesses that fall outside of traditional “bankability” at a moment in time. Many of the organization’s clients are referred via commercial lenders when they are unable to provide financing, in whole or in part. MoFi works with clients to design tailored loan solutions, including loan size, type of loan structure and uses. The organization also provides a full suite of consulting services to clients to help them build successful businesses and transfer to a long-term bank relationship as quickly as possible.

“Working together, MoFi, banks and credit unions can ensure Montana entrepreneurs have access to the capital they need to build their businesses and better their communities,” said Dave Glaser, President of MoFi. “We’re greatly appreciative that First Interstate Bank and other lenders recognize the positive impact of our partnership in cities and towns across the state.”

In 2022, MoFi provided over $915 million in financing to over 4,800 small businesses across the Rocky Mountain West.