Growth Through Agriculture
This program provides financial support to individuals, businesses, and organizations in Montana to develop new agricultural products and processes through grants and loans for various project activities.
Description
The Growth Through Agriculture (GTA) program is a grant and loan initiative established by the Montana Legislature aimed at enhancing and diversifying the state's agricultural industry. The program focuses on the development of new agricultural products and processes, providing financial support to various stakeholders within the agricultural sector. The Montana Department of Agriculture administers this program, which is designed to foster innovation and growth in agriculture across all counties in Montana.
The primary purpose of the GTA program is to support projects that add value to Montana's agricultural products and have the potential for commercial success. The program seeks to create and retain jobs within the state while benefiting additional agricultural producers and companies. Eligible projects may include activities such as equipment purchases, construction costs, advertising and promotion, and consultant services for engineering. The program emphasizes the importance of projects that contribute to the overall advancement of Montana's agricultural industry.
Funding through the GTA program is available in the form of grants and loans. Grants can provide up to $50,000, while loans may reach a maximum of $100,000. All funding is awarded on a reimbursement basis, meaning that applicants must incur costs before receiving funds. A critical requirement for both grants and loans is a 50 percent cost-share, which necessitates that applicants demonstrate matching funds or resources. Eligible costs include equipment, consultant services, travel, advertising, supplies, and communication expenses.
The GTA program is open to a wide range of applicants, including individuals, businesses, industry organizations, public and private agencies, educational institutions, local governments, cooperatives, and non-profits. This broad eligibility ensures that various stakeholders in the agricultural sector can access the necessary funding to support their projects. However, applicants who receive two GTA grants within a two-year period must observe a one-year cooling-off period before applying again.
To apply for funding, interested parties must submit proposals that align with the program's objectives. The evaluation of applications will consider the potential for commercial success, the ability to create or retain jobs, and the overall benefit to Montana's agricultural industry. Specific application questions and submission requirements are outlined in the program guidelines, which can be accessed through the Montana Department of Agriculture's website.
The application deadline for the GTA program is set for October 31, 2024. It is important for applicants to be aware of this timeline and to prepare their proposals accordingly. For further inquiries or assistance, applicants can contact the GTA staff via email or phone. The program anticipates its next funding cycle and encourages interested parties to stay informed about updates and opportunities.