The Department of Commerce Economic Development Administration awarded a $1,450,000 project grant to the Northern Rocky Mountain Economic Development District on February 18, 2021 under the Economic Adjustment Assistance program (CFDA 11.307).
The funding will support a revolving loan fund to provide financing and technical assistance for businesses and communities in Bozeman, Montana as they work to diversify their economies and promote job growth. The Economic Adjustment Assistance program aims to help regions experiencing adverse economic changes by providing a range of planning and infrastructure assistance. The revolving loan fund established with this grant will deliver these services to the Bozeman area as it works to strengthen and stabilize its local economy in the face of economic transitions.
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