For Immediate Release August 14, 2009
AIRPORT HANGAR, BELGRADE, MT
12:55 PM MDT // 2:55PM EDT
Secretary Ken Salazar, Department of the Interior
U.S. Senator Max Baucus
U.S. Senator Jon Tester
Governor Brian Schweitzer
Lieutenant Governor John Bohlinger
Mayor Kaaren Jacobson, Bozeman
Mayor Russ Nelson, Belgrade
MT Secretary of State Linda McCulloch
MT Attorney General Steve Bullock
MT Superintendent of Public Instruction Denise Juneau
Clerk of the Supreme Court Ed Smith
Tribal Council Chairman for the Confederated Salish and Kootenai Tribes James H. Steele Jr.
In June 2009, Montana’s Unemployment Rate Was 6.4 Percent. According to the most recent data available from the Bureau of Labor Statistics, Montana’s unemployment rate stood at 6.4 percent in June 2009. [Bureau of Labor Statistics, Regional and State Employment and Unemployment Summary, accessed 8/12/09]
Since being signed into law, the Recovery Act has already made $577 million available to Montana – providing tax relief, filling gaps in Medicaid funding, incentivizing small business lending, jump-starting highway construction projects, and working to revitalize communities.
- We’ve sent out one-time economic relief payments of $250 to nearly 180,000 Montana seniors, veterans and other high-need residents, totaling over $44 million.
- In the Gallatin County area – nearly 10,000 beneficiaries have received a total of $2.4 million in one-time relief payments.
- Montana’s teachers, school staff and education programs have already felt the impact of $172 million in Recovery Act funding. This includes $108 million in State Fiscal Stabilization Funds (SFSF) to help keep teachers in the classroom.
- $66 million in Recovery Act assistance has been made available to Montana to provide benefits and help prevent additional Medicaid cuts. Already, the state has spent $60 million of its available Medicaid funds.
- Montana has obligated $134 million in Recovery Act funds to jump start 69 transportation construction projects.
- Montana’s largest Recovery Act transportation project currently underway is the Shiloh Road Corridor / Canyon Creek North project in Billings, which will reconstruct about one and a half miles of highway. The winning bid was $8.4 million from Riverside Sand and Gravel in Billings.
- For 2009, an estimated 400,000 Montana working families will collectively receive $200 million in tax relief from the Making Work Pay tax credit.
- The Recovery Act has expanded unemployment benefits for more than 40,000 Montana residents.
- $10.8 million in Recovery Act grants have already been awarded to health centers in fifteen communities throughout Montana to support renovations and repairs, investments in health IT, and critically needed health care services.
- 209 small businesses in Montana have received Recovery Act backed 7(a) and 504 SBA loans – generating $42 million in small business lending.
- In the city of Bozeman, 10 Recovery-backed loans have already supported $750,000 in small business lending.