March 21-22, 2002
Montana State University-Billings
March 21, 2002
Montana State University-Billings is working with the City of Billings, Yellowstone County, School District #2, and the Big Sky Economic Development Authority to attract a major employer to the City of Billings.� This employer, Dell Corporation, would provide an additional 500 to 1,000 jobs for Montanans.�
The Corporation might be interested in as much as 50,000 square feet of space to house the Dell Technology Support Services Center.
MSU-Billings is exploring financing from either a commercial financing company or an Intercap loan from the Board of Investments.� If commercial financing was obtained, the lease payments from Dell would be used to repay the loan.� If an Intercap loan was obtained, internal campus resources would be used to repay the loan.�
The total cost of this project could be as high as $7,500,000.� MSU-Billings is exploring the possibility of a portion of the financing coming from partnerships found with the City of Billings, Yellowstone County, School District #2, and the Big Sky Economic Development Authority.� MSU-Billings will provide additional information to the Board of Regents once research and planning have been finalized and when Board approval is requested.
This project would be a major economic development commitment by Montana State University-Billings.