Downtown Missoula Business Support Fund Connecting Our Community

Downtown Missoula Business Support Fund

With unanimous support from the Board of Directors, the Missoula Downtown Foundation (MDF) has established a Downtown Missoula Business Support Fund and will use its annual spring campaign to raise funds that can support businesses and organizations negatively impacted by the Coronavirus pandemic.

As the fundraising arm of the Downtown Missoula Partnership, the Missoula Downtown Foundation has the mission to support and promote the spirit and heritage of Missoula through cultural, historical and economic enhancement of Downtown Missoula, now and for future generations. In an effort to help rebuild the economy and vibrancy of Downtown, the MDF will seek support from individuals, grantors, businesses not impacted by the crisis, partner organizations, and government agencies to raise and distribute a minimum of $100,000 in 2020.

Small, locally-owned businesses and organizations are the heart of Missoula and are the first ones to support community initiatives, non-profit organizations, and individuals in need. The world-wide COVID-19 pandemic has been particularly impactful on small downtown businesses. Businesses have been shuttered, jobs have been lost, and the supply chain has been compromised.

The Downtown Foundation has allocated $25,000, and will pivot its spring fundraising campaign from street décor to the business support fund. The Downtown Business Improvement District contributed $10,000 from its business development budget to the fund. As of July 10, Clearwater Credit Union, First Interstate Bank, First Security Bank, TrailWest Bank, First Montana Bank,  ATG Cognizant, Missoula Radio Broadcasters Union, Title Services, Stockman Bank, Montana Scotch Whisky Society, #MontanaStrong, Williams Law Firm, Opportunity Bank, A&E Design, Dick Anderson Construction, Partners Creative, and private donors have each contributed to the fund, which has raised a total of $102,800 and helped support 73 local businesses.

 

Interested in Contributing?

Individuals and businesses interested in contributing to the Downtown Missoula Business Support Fund can send a check, payable to the Missoula Downtown Foundation, to 218 East Main Street, Missoula, MT 59802. Donors can also contribute through the Missoula Gives Campaign April 30-May 1, or through the Foundation’s GoFundMe Campaign (https://www.gofundme.com/f/downtown-missoula-business-support-fund). The MDF is a qualified charitable organization, and all donations are deductible to the full extent allowed by law.

For more information, contact the Downtown Missoula Partnership office via phone (406-543-4238) or email ([email protected]).

To contribute to this campaign, click here!

Application Guidelines

Financial assistance in the amount of $1,000 will be available to eligible businesses, organizations and vendors based on submission of all required information and supporting documentation. MDA members in good standing (dues paid for 2020) are eligible for an additional 50% (up to $1,500). Funds are limited and will be awarded on a first come, first served basis. Applications will be processed while funds are available.

Eligibility Requirements

  • Businesses, organizations and vendors who operate within the Business Improvement District Boundary.
  • Businesses, organizations and vendors that can demonstrate a projected loss of revenue of at least 25% in 2020 (This statement should include any funds received via the CARES Act Payroll Protection Program)
  • Businesses, organizations and vendors seeking funds for Non-Payroll business expenses only.
  • Application must include the following document:
    • Copy of City of Missoula Business License or IRS Determination Letter

Eligible Use of Funds

Non-payroll business expenses such as:

  • Help pay mortgage or rent
  • Help pay for utilities, insurance or business-related expenses

Application Process

Applications will be reviewed by Missoula Downtown Foundation Staff and Board, and disbursement of funds shall be one-time checks distributed by the Downtown Missoula Partnership.

For more information, visit www.missouladowntown.com or contact the Downtown Missoula Partnership office via phone (406-543-4238) or email [email protected]; [email protected] .

Downtown Missoula Business Support Fund Application

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