Community Dividend

Goldman Sachs awards $4.4 million to Montana CDC

Published October 1, 2012  | October 2012 issue

Montana Community Development Corporation (CDC) will receive $4.4 million from Goldman Sachs to support entrepreneurship and small business development in rural areas throughout Montana. The bulk of the award, $4 million, will go directly into Montana CDC’s loan fund, which lends to small businesses across the state. The remaining $400,000 will be dedicated to capacity building for Montana CDC’s business services. The funds were awarded through the Goldman Sachs 10,000 Small Businesses initiative, a $500 million effort that aims to unlock the growth and job-creation potential of 10,000 small businesses across the U.S.