The Lake County Community Development Corporation (LCCDC), doing business as Lake County Community Development, was awarded $500,000 on February 2, 2021 under the Economic Adjustment Assistance (EAA) program of the Department of Commerce Economic Development Administration (EDA).
The EAA program aims to support regions experiencing adverse economic changes through technical assistance, planning, and infrastructure projects. With this Project Grant funding, LCCDC will establish a $500,000 Revolving Loan Fund to provide financing for public works and economic development projects in Ronan, Montana that create and retain jobs. The funding will be repaid to the revolving fund for use on additional eligible projects, in keeping with the EDA program's goals of long-term economic adjustment support.
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