“Commerce’s temporary Workforce Recovery program was launched to support businesses that are ready to bring jobs back,” Commerce Director Tara Rice said. “Businesses will be reimbursed for rehiring workers and sustaining those jobs into the future.”
The Big Sky Economic Development Trust Fund Workforce Recovery program will reimburse a business for the wages of full-time, permanent jobs that are created and retained for at least six months, up to a maximum of 25 jobs per business. Businesses apply directly to the program. A reimbursement of up to $7,500 per job is available to businesses in high-poverty counties. The business must match $3,750 per job. A reimbursement of up to $5,000 per job, with a $5,000 match, is available for businesses in all other counties.
The Workforce Recovery program is in direct response to supporting businesses impacted by the economic effects of the pandemic. The ability to create the temporary program has been made possible by a governor’s directive which allows for flexibility in the Big Sky Economic Development Trust Fund program. Funding for the temporary program comes from reverted BSTF Job Creation awards, it is not a replacement for or pausing of the well-established business development program.
Applications will be accepted on a first-come, first-served basis until all funds have been committed or December 31, 2020; whichever comes first. Apply at MARKETMT.COM/BSTF/WorkforceRecovery.