Eastern Plains Economic Development Corporation

…providing support for a better economy.

Economy

Fundamental to the EPEDC's mission is attaining economic growth and diversity in the five county region through job retention and new job creation. These two objectives together create an economic environment conducive to investment, capital formation, and increased capital access.

The EPEDC markets the Small Business Development Center (SBDC) of the Southeastern Montana Development Corporation (SEMDC) and the Revolving Loan Fund (RLF) as effective tools that provide free and confidential business counseling, as well as funds to improve business development, efficiency, and expansion.

Adding value to available resources and products through the formation of partnerships that minimize duplications of time, effort, and/or money is a priority.

EPEDC Activities
Area Project Status Financial Partners Funding Percent Complete Anticipated Year of Completion
EPEDC Brownfield RLF under contract EPA 1.5M 40% 2016
  Brownfield assessments under contract, supplemental application submitted EPA 750,000, 600,000 50% 2016
  Regional coalition promoting region, advocating for policies that assist with impacts, original grant effort complete SEMDC, GNDC, REDC, EPEDC   n/a ongoing
  SBDC business development and counseling SBDC, SEMDC   n/a ongoing
  EPEDC RLF 5 EPEDC loans, 1 SSBCI loan EPEDC, SEMDC, SSBCI (confidential) n/a ongoing
Dawson County Cross Country Brewing GTA grant awarded, funds expended, opening in coming months GTA, local lender 45,000 90% 2016
Prairie County Prairie Community Hospital grant awarded, USDA loan and grant funds approved, bid opening held June 21 USDA loan, USDA grant CDBG/ED 1,876,000, 43,400, 639,050 grant 35% 2016
  Powder River Meats GTA grant awarded MT Department of Agriculture 50,000 35% 2016
  Business business plan completed, all materials delivered to owner/bank SBA (confidential) 10% 2016