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Secretary Locke Announces Recovery Act Grant to Create Jobs, Boost Development in Montana

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U.S. Commerce Secretary Gary Locke and U.S. Senators Max Baucus and Jon Tester announced a $2.7 million Economic Development Administration (EDA) grant for the State of Montana to capitalize a Revolving Loan Fund (RLF) that will provide timber and wood businesses with the financing they need to become more competitive. This grant is the first awarded by the Commerce Department under President Obama’s American Recovery and Reinvestment Act of 2009 (ARRA). (More) (Commerce.gov/Recovery)

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