The 2023 Montana Legislature directed Commerce to facilitate the creation of tourism-focused revolving loan funds by enacting Section 1(d) ofSB 540.
Commerce will award program funds as grants to eligible applicant economic development organizations, which must use those funds to create new revolving loan funds that support Montana’s tourism economy.
The Tourism Development and Enhancement Revolving Loan Fund Program creates a public-private partnership between the State of Montana and local economic development organizations, with the sole purpose of further developing public-private partnerships to support Montana’s tourism economy.
Through supporting tourism development and enhancement, the program will: (a) create good-paying jobs for Montana residents; (b) promote long-term, stable economic growth in Montana’s tourism economy; (c) retain or expand existing tourism-related businesses; (d) provide a better life for future generations through greater economic growth and prosperity in Montana; and (e) encourage workforce development in Montana’s tourism economy.
Review the Map of Urban and Overvisited areas in Montana, any areas outside of these designations are considered Rural and Under-visited as mentioned in the Program Guidelines
Connect with Tourism Regions and CVB’s by visiting, commerce.mt.gov.
