Big Sky Economic Development Authority will administer a $375,000 grant from Big Sky Economic Development Trust Fund (BSTF), which the company will use to purchase equipment related to employee training. GE Commercial Finance will provide $7.9 million in matching funds.
GE Commercial Finance offers a range of financial services worldwide providing loans, leases, and other financial services for a variety of equipment and major capital assets. All 200 of the jobs created will include benefits. Wages for hourly positions will range from $16.90 to $22.10 an hour, while managerial salaries will range from $58,500 to $260,000 annually.
The BSTF program is a state-funded program created by the 2005 Legislature. It is designed to aid in the development of good paying jobs for Montana residents and promote long-term stable economic growth in Montana.
BSTF provides financial assistance to local governments for economic development projects that create new jobs for Montanans. BSTF also provides funds to economic development organizations in the form of planning grants.
“The Workforce Training Grant program and the Big Sky Economic Development Trust Fund are two incredibly valuable programs,” said Anthony Preite, director of the Montana Department of Commerce. “These programs create jobs, generate money for the state general fund and attract millions of new dollars in leveraged funds from companies investing in Montana.”
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