- Category: Montana Business
- Published: Sunday, 20 November 2011 16:36
- Written by Press Room
- Hits: 1607
Members of Big Sky Economic Development's board of directors are making application to the State of Montana's Department of Commerce on behalf of Bay Limited Montana (Berry Y & V) for a job creation incentive.
The company was recently awarded a major contract and has plans to hire some 250 pipefitters and welders, for which the company is seeking state grant funds to subsidize training costs.
Under the state's Big Sky Economic Development Trust Fund, the company is eligible to receive up to $5,000 per eligible employee earning above Yellowstone County's average hourly wage. The grant application will request $1.25 million for the creation of primary sector jobs and would be paid after the company hires the position and submits a request for reimbursement.
Bay Limited Montana, 2450 South 32nd Street West, currently employs some 40 people, fabricating steel tanks and has been working to secure a contract to build oil refining modules for the Alberta oil sands.
Montana's BSTF grant program is designed to provide new and existing companies who invest in new jobs the ability to fund worker training, infrastructure costs, construction, and relocation costs. The grant has been used successfully throughout the state including in Billings to incentivize companies like Bresnan Communications and GE Capital.
Steve Arveschoug, Big Sky Economic Development's Executive Director, said, "Bay Limited Montana is a great example of the kind of company we want to continue to recruit to the communities of Yellowstone County. Not only have they invested heavily into Billings, they're hiring good paying jobs to manufacture materials that will bring new dollars to our state. This is a homerun for Billings."
The state is expected to make a decision by mid-December.