David Glaser Named New President of Montana Community Development Corporation (MCDC)

Montana Community Development Corporation (MCDC) http://www.mtcdc.org announced today that David Glaser has been elected the new President of MCDC. Rosalie Sheehy Cates resigned as President after serving MCDC and small business owners of Montana for over two decades.

David Glaser was elected President of MCDC after serving as MCDC’s Vice President of Operations and in other capacities since 2007. Previous to his work at MCDC, Dave served as the Chief Operating Officer for an environmental consulting firm and has managerial experience at other nonprofits. Dave is active in many economic development organizations throughout the State and serves on the Boards of HomeWORD and the statewide Small Business Development Center Network. Dave begins his new role as President immediately.

"The Board and staff look forward to having Dave at the helm of MCDC. MCDC is in an exciting position to further its important work for Montana businesses and communities under Dave’s leadership," said MCDC Board Chairman Harry Poett. "He is well qualified and is committed to working with other business development entities across Montana."

New President Dave Glaser is ready to continue MCDC’s role in providing innovative business financing to people and places that need it most. "Rosalie Cates has been a tremendous advocate for entrepreneurs in Montana. Her impact on economic development and rural community finance will continue to benefit Montana entrepreneurs for years to come. I am excited to continue MCDC’s mission of transforming the lives of individuals and strengthening community prosperity across Montana."

About Montana Community Development Corporation
MCDC is a non-profit financing institution dedicated to building better community through its business lending and consulting efforts. MCDC lends about $3 million per year to small businesses that fall outside traditional banking standards, provides New Markets Tax Credit financing to large scale business development and assists over 200 clients a year with business consulting. More information on MCDC is available on the company’s web site at http://www.mtcdc.org.