Growth Through Agriculture January 31 2013
🏛 State of Montana
Can you apply?
This grant is for Montana agricultural entrepreneurs and businesses seeking to strengthen and diversify the state's agricultural industry. Applicants must develop new agricultural products or processes. Eligible activities include equipment purchases, advertising and promotion, and consultant services for engineering and feasibility studies.
Organizations other than sole proprietorships must be registered with the Montana Secretary of State prior to application submission. All applicants must register with the Secretary of State if not already registered. Applicants must prepare required financial statements including a cash flow statement, balance sheet, and key financial assumptions using the GTA program's prescribed spreadsheet format.
This is a competitive grant and loan program. Applicants are encouraged to contact their local Small Business Development Center, local economic development organization, or the Food and Agricultural Development Center for assistance before applying.
Program description
The Growth Through Agriculture (GTA) program is a grant and loan program established by the Montana Legislature to strengthen and diversify Montana’s agricultural industry through the development of new agricultural products and processes. Examples of eligible project activities involve equipment purchases, advertising and promotion, and consultant services for engineering and feasibility studies. To begin the Growth Through Agriculture application process: • Read the program background attached below in order to determine whether or not your project is eligible and learn more about the details of the program. • If you have any questions about the eligibility of your project, please contact the GTA Manager, Angie Nelson at the number listed above. • Contact your local Small Business Development Center http://www.sbdc.mt.gov/default.mcpx to visit website, local economic development organization or, specifically for food product projects or farm-based energy development projects, the Food and Agricultural Development Center http://agr.mt.gov/agr/Programs/Development/FADC/ , network to discuss your project and get assistance in applying for a Growth Through Agriculture grant or loan. • Register with the Montana Secretary of State . If your company is not already registered with the Montana Secretary of State, you may need to do so before going further with the application process. Organizations other than Sole Proprietorships must be registered with the Montana Secretary of State prior to submittal of the GTA application. Any application from an organization that is not registered with the Montana Secretary of State will not be accepted. • Before you can fill out an application, make sure that you have registered and received a username and password at www.fundingmt.org – see attached instructions below “Webgrants Registration Instructions” • After registering, log in with your username and password and click “Start a New Application”. Then follow the steps in the “GTA Application Instructions” attached below. • Prepare Financial Statements . Prepare a cash flow statement using the appropriate spreadsheet form at the program link below, projected to a point of positive cash flow and profitability, and a balance sheet to accompany your application. All applications must include: a cash flow statement, a current and projected balance sheet, and a list of all key financial assumptions (see attached form below). The list of key assumptions should provide the basis for all major financial projections. Any application that does not include these items in the prescribed form will not be accepted. Use the guide, general spreadsheet, and sample provided in the program link below to help you prepare your cash flow statement and balance sheet. Choose the appropriate existing business or start up business spreadsheets for your project. • Note: The GTA financial spreadsheet is the only format accepted – if you have any questions about putting your information in this format, please contact your local Small Business Development Center: www.sbdc.mt.gov • Credit Check Release Form . Attached below. This form must be received by mail or fax by the application deadline. Complete the form and submit it by fax or mail it to: GTA Program Manager Montana Department of Agriculture P.O. Box 200201 Helena, Montana 59620-0201 (406) 444-9442 fax You may also contact GTA staff at the number above for assistance. Draft Deadline: January 9, 2013 for staff review & feedback on draft applications – highly recommended. Final Deadline: January 31, 2012 by 2:00pm
Who can apply
Eligible applicants
How to apply
Application links
Program contact
- 👤 Angie Nelson
- 📧 angie.nelson@mt.gov
- 📞 406-444-0054
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