The Montana Land Board holdings generated almost $120 million for Montana public schools over the past year.
The Board manages more than 5 million acres of land, and a slightly larger area in mineral rights. The board is run by the five statewide elected officials, including the governor, attorney general, state superintendent of schools, state treasurer and secretary.
In an effort to prevent the listing of Sage Grouse as an endangered species, political leaders in the state are scrambling to establish their own management plan that will help preserve species habitat, while still allowing some economic development.
The U.S Small Business Administration (SBA) announced new measures to help get small business loans into the hands of veterans by setting the borrower upfront fee to zero for all veteran loans authorized under the SBA Express program up to $350,000. This initiative will start on January 1 and continue through the end of the fiscal year.
The Montana District Office of the U.S. Small Business Administration (SBA) released its fiscal year-end loan figures for 2013 (Oct.1, 2012 to Sept. 30, 2013).
During Fiscal Year 2013, SBA guaranteed 307 loans totaling $88,345,800, which helped create and retain 2,549 jobs. Of these loans, 273 for $67,832,800 were made through SBA's 7(a) Guaranty Loan Program. Thirty-four loans totaling $20,513,000 were made through SBA's 504 Certified Development Company program which provides for land, buildings and equipment.
A four-state team involving Montana State University has been awarded nearly $10 million to investigate turning beetle-killed trees into biofuel. The award come from the US Dept. of Agriculture, and involves colleges in Idaho, Wyoming and Colorado in an effort to deal with the 42 million acres of forest impacted by the beetles.
The U.S. Department of Agriculture announced the award saying it would allow an academic, industry and government consortium led by Colorado State University to study the major challenges that limit the use of beetle-killed trees in the Rockies as biofuel. MSU's portion will be almost $663,500.
The presentation of a $1 million check for the endowment of a Montana Plant Sciences Chair in the Montana State University College of Agriculture received a standing ovation during the College of Agriculture's 15th annual Celebrate Agriculture, in Bozeman last week.
The check marks the first step on the way to a goal of $5 million to propel agriculture research at the college, and every dollar was raised by Montana producers. When the fundraising is complete, it will be the first chair established in the history of the College of Ag at MSU.
The Big Sky Business Journal
P.O. Box 3262
Billings, MT 59103