BOI Board Room



The MBOI Montana Loan Deferment Program has been recently established as part of The CARES Act (Coronavirus Aid, Relief, and Economic Security Act), a law intended to defray some of the negative economic impacts due to the COVID-19 pandemic in the United States.  The Loan Deferment Program was set up to assist eligible Montana businesses who have suffered more than a 20% reduction of gross revenues due to COVID-19.  For more information and eligibility guidelines please click the link MBOI Loan Deferment Program Continuing Guidance.


Number of Applications Received 741

Number of Applications Approved 410
Funds Committed $11,344,563.58
Funds Distributed $5,195,444.12

MBOI is currently seeking a Chief Operating Officer.  For more information, click here.

Montana Board of Investments Annual Report
The Fiscal Year 2019 Annual Report was posted to this website for public access on December 30, 2019.  It is also available in print by request.


Karl J. Englund, Board Chair


The Board's Three Missions and its Short Term Investment Pool (STIP)

Unified Investments Program

By law, the Board administers the Unified Investments Program required by the Montana Constitution. With very few exceptions, all money is invested by the Board.

In-State Loan Programs

As a component of the State's overall economic development efforts, the Board administers various loan and infrastructure programs for new and expanding businesses.

Municipal Finance Programs

The INTERCAP program provides low-interest loans for a wide variety of needs to Montana local governments.

Short-Term Investment Programs

The Board's Short Term Investment Pool is a highly liquid investment fund available to state and local governments to serve their short term cash flow and deposit needs.

Feedback, suggestions, or questions are welcome and can be directed to:

Dan Villa
Executive Director

2401 COLONIAL DR, 3RD FLOOR | PO BOX 200126 | HELENA, MT 59620-0126 | P: 406.444.0001 | F: 406.449.6579 | TDD: 406.841.2702


        Lindsay Ford
        Administrative Assistant

        Dan Villa
        Executive Director



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