Ravalli Republic September 7, 2010 by Jeff Schmerker

The Ravalli County Economic Development Authority has received permission to embark on an ambitious expansion plan for its entrepreneurship center.

The organization will likely use $4.5 million in revenue bonds to build a 16,400-square-foot building adjacent to the current entrepreneurship center in Hamilton. The building will be home to a research and development unit for GlaxoSmithKline.

The county already has $2.6 million available in state money; on Tuesday, commissioners gave permission for EDA to ask the state for an additional $1.9 million in bond capacity.

The bonds will be sold to private investors like banks, More >