Building community and economic capital in Central Montana.
"Vibrant communities that are economically competitive, innovative and sustainable."
"Building community and economic capital in Central Montana."
CHIEF FINANCIAL OFFICER
BUSINESS DEVELOPMENT DIRECTOR
BOARD OF DIRECTORS
SMDC's 18-member Board of Directors sets the broad policy direction for the organization. The Board meets on the 3rd Wednesday of every other month.Links to digital copies of the Board's Minutes are provided below.
Snowy Mountain Development Corporation serves six counties in Central Montana: Fergus, Judith Basin, Wheatland, Petroleum, Musselshell and Golden Valley. Home to nearly 22,000 people, the 12,328-square-mile area features a breathtaking mixture of plains and island mountain ranges, punctuated by rural communities. Agriculture, manufacturing and construction industries anchor the region's economy, where a number of landowners are among "America's 100 Largest Landowners."
Among the region's strengths are its historic structures and landmarks, industry diversification, recreational assets, natural resources, very low crime rates and high-quality educational opportunities.
SMDC leads, develops and implements the region’s development plan, known as its Comprehensive Development Strategy (CEDS). Through rigorous, regionwide planning and public involvement, SMDC reinforces the democratic aim of civic engagement to provide a CEDS that is representative of the residents and businesses it effects.
In 2001, a group of community-minded volunteers founded Snowy Mountain Development Corporation (SMDC) as a 501(c)(3) non-profit organizationto build community and economic capital in a six-county area comprised of Fergus, Judith Basin, Wheatland, Petroleum, Musselshell and Golden Valley Counties situated at the geographical heart of the State of Montana.
Local, state, and federal governments provide funding for SMDC to carry out this mission. Notably, the US Economic Development Administration recognizes SMDC as an Economic Development District and the State of Montana recognizes SMDC as a Certified Regional Development Corporation. With these designations is funding to support SMDC's partnerships with local governments, community organizations, businesses and entrepreneurs to implement key community and economic development projects.
two financial products, namely, (a) gap financing with a 4-10% interest rate for working capital, fixed asset, debt refinancing, real estate purchases or leasehold improvements and (b) low interest rate financing to clean up contaminated sites;
three nonrepayable financial products, namely, planning grants, fuels mitigation grants, and brownfields assessments grants; and
a suite of development services, namely, free, confidential, one-on-one business counseling and training on all aspects of small business ownership, from start up to expansion; education and financial counseling for first time homebuyers; customized train-the-trainer programs; and leadership education and training.
Over the last decade, SMDC has made 63 loans for a total of $26,654,699; leveraged $507,884,176 in additional dollars; created or retained 1,414 jobs; and assisted 1,535 businesses. A recent Economic Impact Analysis showed that the overall impact of SMDC's programs and loans exceeded $600 million,including $102 million in induced and indirect benefitsand supported more than 2,900 local jobs.
SMDC is a Montana Economic Developer's Association (MEDA) member organization. SMDC's central office is located in Lewistown, Montana.
SMDC is an equal opportunity provider, lender and employer.
613 N.E. Main Street, Lewistown, MT 59457
Email: Tel: 406.535.2591
For general inquiries, please fill in the following contact form: