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HEALTH Strings Under the Big Sky - Explore Big Sky

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usiness<br />

Loan program for Montana entrepreneurs<br />

to operate under new partnership<br />

BOZEMAN – A program that<br />

provides interest-free loans to<br />

entrepreneurs will operate this year<br />

under a new partnership between<br />

<strong>the</strong> Montana State University College<br />

of Business and <strong>the</strong> Gianforte<br />

Family Foundation.<br />

Through this partnership, MSU<br />

business students will be involved<br />

in selecting entrepreneurs to<br />

receive loans from <strong>the</strong> Bootstrap<br />

Montana Loan Program. The<br />

program provides Montana entrepreneurs<br />

with loans for projects<br />

expected to provide a fast return on<br />

investment. Ranging from $5,000<br />

to $20,000, <strong>the</strong> loans should be<br />

repaid within a year. Peter Rubicam,<br />

director of <strong>the</strong> Bootstrap Montana<br />

Loan Program and a finance instructor<br />

at MSU, will supervise <strong>the</strong><br />

students.<br />

"This will be a valuable real-world<br />

education opportunity for our students,<br />

because <strong>the</strong>y will be exposed<br />

to <strong>the</strong> business analysis and loan<br />

evaluation process," Rubicam said.<br />

"Clients of Bootstrap Montana will<br />

also have access to pro bono consulting<br />

and o<strong>the</strong>r resources offered<br />

through <strong>the</strong> Jake Jabs Center for<br />

Entrepreneurship."<br />

The program embraces <strong>the</strong> business<br />

development philosophy of “bootstrapping,”<br />

or growing a company<br />

with <strong>the</strong> aid of outside investment<br />

or capital. It was funded in 2007 by<br />

Greg Gianforte, <strong>the</strong>n-CEO of Bozeman-based<br />

Right Now Technologies<br />

and head of <strong>the</strong> Gianforte Family<br />

Charitable Trust. The program aims<br />

to create jobs, bring new revenue<br />

into <strong>the</strong> state, and increase competitiveness<br />

of Montana companies. It<br />

was previously administered by <strong>the</strong><br />

Tech Ranch Foundation.<br />

Since its inception, <strong>the</strong> Bootstrap<br />

Montana Loan Program has made 24<br />

one-year, interest-free loans. Borrowers<br />

are Montana entrepreneurs<br />

who have used <strong>the</strong> funds to hire<br />

employees, attend trade shows or<br />

undertake o<strong>the</strong>r initiatives.<br />

bootstrapmontana.org<br />

Tester to host small business opportunity<br />

workshop in Bozeman, July 13<br />

Focus: high-growth companies<br />

U.S. SENATE – Sen. Jon Tester<br />

will host his 12th Small Business<br />

Opportunity Workshop in Bozeman<br />

on Friday, July 13. The event will<br />

connect Montana startup companies<br />

and entrepreneurs with nationally<br />

renowned experts in finance and<br />

capital markets, and o<strong>the</strong>r successful<br />

entrepreneurs.<br />

According to <strong>the</strong> Kauffman Foundation,<br />

a nonprofit think tank focused<br />

on entrepreneurship, nearly all net<br />

jobs created since 1980 have come<br />

from firms five years or younger.<br />

Many of <strong>the</strong>se startups are new<br />

businesses in high-growth, innovation-oriented<br />

fields.<br />

The workshop will be held in<br />

Gaines Hall at Montana State<br />

University and will feature panel<br />

presentations from investment and<br />

market experts. The panelists will<br />

discuss new opportunities for entrepreneurs<br />

as a result of <strong>the</strong> recently<br />

passed JOBS Act, which was signed<br />

into law in April and eases restrictions<br />

for small businesses to raise<br />

public capital.<br />

It will also highlight experiences of<br />

successful Montana entrepreneurs<br />

and feature one-on-one collaboration<br />

and networking opportunities.<br />

For a presentation called Made in<br />

Montana Advantage, three panelists<br />

will highlight <strong>the</strong> benefits of doing<br />

business in Montana. They are:<br />

• Jennifer Shryock, director of<br />

Resume Manager at Submittable,<br />

a Missoula-based online<br />

platform to receive and review<br />

files such as resumes and manuscripts<br />

• Dr. Brett Baker, president and<br />

CEO of Microbion, a Bozemanbased<br />

pharmaceutical company<br />

that develops innovative drug<br />

treatments<br />

• Trevor Loy, a partner at Flywheel<br />

Ventures, a venture<br />

capital investment firm making<br />

investments in Montana<br />

The event begins at 8 a.m. and is<br />

free and open to <strong>the</strong> public. RSVP<br />

at tester.senate.gov/workshop.<br />

explorebigsky.com<br />

More Results<br />

Jason Parks, Broker<br />

406.580.4758<br />

Ania Bulis, Broker<br />

406.580.6852<br />

Jackie Miller, Broker<br />

406.539.5003<br />

Branif Scott, Broker<br />

406.579.9599<br />

Sandy Revisky, Broker<br />

406.539.6316<br />

<strong>Big</strong> <strong>Sky</strong> Weekly<br />

Selling more real estate than any o<strong>the</strong>r firm in<br />

<strong>Big</strong> <strong>Sky</strong> for <strong>the</strong> second year running.<br />

*Based on 2011-2012 information from Gallatin Association of Realtors MLS Data<br />

www.purewestproperties.com | 406.995.4009<br />

explorebigsky.com June 29, 2012 25

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