- December 19, 2021
- Posted by: Stratford Team
- Category: Business
Missoulian staff
Here’s some business news in the Missoula area.
The Otto Bremer Trust, one of the nation’s largest charitable organizations, this week announced a third round of grants totaling $14,850,000.
MoFi, otherwise known as the Montana Community Development Corporation, was awarded $2 million to provide low-cost, flexible, patient and easily accessible working capital for Montana businesses working to recover from the negative effects of the COVID-19 pandemic.
The trust’s emergency fund was established in March 2020 to aid the citizens and communities of Minnesota, Montana, North Dakota, and Wisconsin in times of crisis. Over the past year and a half, the trust made two rounds of grants and program-related investments totaling $13 million to more than 300 organizations in the four-state region.
The new grants are being made to Community Development Financial Institutions to allow them to provide badly needed…
