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The Ravalli County Economic Development Authority to sell bonds for new GlaxoSmithKline R&D unit

September 8, 2010 /

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The Ravalli County Economic Development Authority http://www.rceda.org/ has received permission to embark on an ambitious expansion plan for its entrepreneurship center.

The organization will likely use $4.5 million in revenue bonds to build a 16,400-square-foot building adjacent to the current entrepreneurship center in Hamilton. The building will be home to a research and development unit for GlaxoSmithKline.

The county already has $2.6 million available in state money; on Tuesday, commissioners gave permission for EDA to ask the state for an additional $1.9 million in bond capacity.

By JEFF SCHMERKER – Ravalli Republic

Full Story: http://www.ravallirepublic.com/news/local/article_559640a4-baf2-11df-a2b3-001cc4c002e0.html

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