• As the most comprehensive resource available for those involved in technology-based economic development, SSTI offers the services that are needed to help build tech-based economies.  Learn more about membership...

SSTI Digest

Geography: Montana

Montana Gov. Wants More Than $20M Endowment for Economic Development

With a state legislature that only meets for 90 days every two years, opportunity for positive change in Montana's public-supported efforts to build a tech-based economy is limited. For the proposed $20 million Big Sky Economic Development Trust Fund - one of new Gov. Brian Schweitzer's largest economic development initiatives - the 90th day, April 26, is fast approaching.

People

Evan Barrett was named chief business officer of The Governor's Office of Economic Opportunity in Montana.

People

David Gibson, chief business officer of The Governor's Office of Economic Opportunity in Montana, has accepted a new position as associate commissioner for economic development. Beginning Jan. 3, Gibson will serve under Commissioner of Higher Education Sheila Stearns.

People

Montana Gov.-elect Brian Schweitzer tapped Tony Preite to serve as director of the state Department of Commerce. Priete is currently director of the office of commercialization and economic development outreach at the University of Montana and is a former regional director for the Colorado office of the Economic Development Administration.

People

Lloyd Chestnut, vice president of research at the University of Montana is leaving to take the position as vice president for research and technology transfer at the University of North Texas.

Recent Entrepreneurship Items Of Note

A Letter from Bozeman, Montana

The National Commission on Entrepreneurship publishes NCOE Update, a free, high-quality e-newsletter providing insightful looks into the factors and trends shaping the country’s entrepreneurial community. This week’s issue provides a useful examination of the public and private efforts to nurture technology entrepreneurship in Bozeman, Montana. The story and subscription information can be found on the NCOE website: http://www.ncoe.org/newsletter/update/10_16_01.html

Montana Legislature Approves $46 M Economic Development Package

After two years of partisan politics and court battles, the Montana legislature last week overwhelmingly passed HB 1, a $46 million, five-year appropriations package to fund several state science, technology, and economic development initiatives. The legislation brings to close a saga that began with a successful court challenge to the funding mechanism for S&T programs. Governor Marc Racicot called a special session of the legislature this year specifically to address the need for funding. 

HB 1 provides $13.3 million for the current biennium ending June 30, 2001, and $8.2 million each fiscal year thereafter until June 30, 2005. The Department of Commerce will receive $12.6 million over five years for 32 specific infrastructure, water, and wastewater projects around the state. The balance of the bill’s appropriations will be divided among the following science, technology, and economic development programs: 

Montana House OKs Use of Coal Taxes for R&D

The Montana House of Representatives narrowly approved a measure that, if passed by the Senate, will provide $9-$10 million a year for state research and development projects.

Montana House Bill 260 changes the way in which coal severance taxes are collected to allow a portion of the revenue to be designated for R&D spending.

The new program will support projects conducted at Montana's state universities and at tribal or state technical and community colleges. State agricultural research centers are also eligible for funding and at least 20 percent of the funding must be directed toward production agriculture projects.

The funds may be used for loans or for matching funds for federal or foundation grants.