N E W S
| September 15, 2005 |
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| WASHINGTON, DC - Montana’s Congressman, Denny Rehberg, announced today two $300,000 technical assistance awards for the Montana Community Development Corporation (MCDC) and the Sovereign Leasing and Financing, Inc. Awarded by the U.S. Department of Treasury’s Community Development Financial Institution (CDFI), the funding will enable to the two recipients to enhance its efforts in serving the rural communities of Montana. “Both the MCDC and Sovereign Leasing and Financing, Inc., work very hard to serve low-income communities in our state,” said Rehberg, a member of the House Appropriations committee. “I applaud their hard work and dedication, and both deserve this funding as recognition of their efforts.” MCDC provides business loans to sustain rural communities surrounding Missoula. The funding announced today will allow the non-profit organization to update its computer system and website, and help train employees with the new software. Sovereign Leasing and Financial, Inc., located in Ronan, provides economic development and financial products to the Confederated Salish & Kootenai Tribes’ businesses. Sovereign will use the funding to add equity to its capital structure to leverage debt and to provide technical assistance. “This is about jobs and giving a helping had to those who need it,” Rehberg said. “I strongly support the work of MCDC and Sovereign.” # # # |
