Ravalli County Economic Development Authority (RCEDA)
The purpose of the Ravalli County Economic Development Authority is to promote, stimulate, develop and advance the general welfare, commerce, economic development and prosperity of our local citizens, Ravalli County, and the State of Montana.
A primary goal of the RCEDA is to create the infrastructure for a knowledge-based business community in the Bitterroot Valley that helps existing and new businesses turn information and innovation into opportunity. We operate business incubation and entrepreneurial support services which includes grants, loans, technical expertise, relocation assistance, quality workforce and more.
Ravalli County Economic Development Authority (RCEDA) is a Port Authority with 501 (c) (3) tax status. Created by the Ravalli County Commissioners in 1997, RCEDA is governed by Commissioners appointed by the County Commissioners.
RCEDA is funded in large part through the Ravalli County General Fund. Recently this funding has been augmented by a private sector sponsors.
This funding has allowed the organization to mature and demonstrate the meaning and work of economic development through action and accomplishments.
A few of those accomplishments are:
Establish a Revolving Loan Fund to provide gap finance to local businesses through partnerships with local lenders. RCEDA has participated and or written over $8 million in successful grant applications for Ravalli County businesses since 2002.
We provide technical assistance to businesses and entrepreneurs in Ravalli County. RCEDA participates in regional economic development planning with local government helping to build awareness and leadership.
55% of new jobs are created through expansion of existing business. 44% are created by new businesses. Only 1% are created through industry recruitment.
RCEDA will support the growth of existing companies and nurture new company formation that leads to good paying jobs for citizens in Ravalli County.
The RCEDA will, either alone or in cooperation with others, enhance the economic competitiveness of the Bitterroot Valley by securing program funding and facility development for our communities and business.
Ravalli County Economic Development Authority
Ravalli Entrepreneurship Center
274 Old Corvallis Road
Hamilton, MT 59840
Call the RCEDA Office at 406.375.9416 or email RCEDA General Information