Business Journal - July 2016

Page 1

BUSINESS F O R S O U T H W E S T M O N TA N A

JOURNAL

MEATING DEMAND Clocking in with Shane Atwood of 406 Steak’n Company PAGE 3

JULY 26, 2016

PLUGGING ALONG Officials, industry leaders consider new path for Bozeman’s economy

B

Y THE END OF SEPTEMBER, Bozeman will have an entirely new projection for how the city’s economy will grow and change over the coming years.

The city, led by Economic Development Director Brit Fontenot, is currently in the process of updating its economic development plan for the first time since 2009. Most of the legwork for the project will be performed by Portland, Oregon-based Leland Consulting Group, which, over the next several months, will aggregate information through interviews with government officials and industry leaders, before churning out a revised plan. Along with “supporting business sectors that create and sustain mid-to high-paying jobs,” Fontenot and the Economic Development Council have identified three main goals for the new plan: nurturing existing businesses while attracting new ones, maintaining infrastructure, and facilitating workforce education efforts. TENDING THE LOCAL GARDEN

A large portion of the responsibility for fostering local business growth falls on the shoulders of economic development agencies like Prospera Business Network and the Northern Rocky Mountain Economic Development District, which act as liaisons between businesses and state funding programs. In 2015, Prospera leveraged more than $4.75 million in grants, loans and matching funds to companies in Park and Gallatin counties, creating at least 50 jobs in the process. MORE ECONOMY ON PAGE 9

BY LEW IS K E NDA LL BUSI N E S S JOU R NA L E DI TOR


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