Mission & History
Montana & Idaho CDC’s mission is to provide financing and consulting services that transform the lives of individuals and strengthen community prosperity.
Since 1986, Montana CDC has been working to help small business owners in Montana. We started as a project of Women’s Opportunity and Resource Development (WORD), a nonprofit formed to improve the lives of poor women in the Missoula area. The project eventually became Women’s Economic Development Group (called WEDGo) and focused on entrepreneurial training that could raise the economic status of women.
In 1988, WEDGo helped found the Missoula Community Business Incubator (MCBI) so that both men and women in the area could receive community-based entrepreneurial training. WEDGo and MCBI mingled programs and grants from that time forward and eventually became Montana CDC.
In 1989 the Western Montana Small Business Development Center was opened at Montana CDC to provide business consulting to the region. Financing was added in 1990 and, in 1996, Montana CDC became one of the first Community Development Finance Institutions (CDFIs) in the country to be certified by the US Treasury.
Montana CDC’s powerful New Markets Tax Credit Program was established in 2008 and created new partnerships with bankers, businesses, and local development organizations throughout the region.
Over the last two years, Montana CDC has expanded its scope to include affordable housing solutions. Our first project was a Resident Owned Community (ROC) loan to a manufactured housing community in Missoula, Montana. Owning the property gives the residents, who form a co-op to make the purchase, long-term stability as well as control over rent and property maintenance.
Today Montana CDC provides financing and consulting to entrepreneurs and small business owners across Montana and Idaho, as well as affordable housing solutions in both states. We continue to expand our services where needed while staying true to our mission of transforming lives and strengthening community prosperity.
Dollars into Difference
What Montana & Idaho CDC Means to Communities
An Alpine Granite employee cuts stone.+
1 Complete financial statements and tax return for 2014 are available upon request from Rick Eneas, Montana CDC, 229 E. Main St., Missoula, MT 59802.