New University of Montana Program to Boost Rural Economic Development

The University of Montana recently was awarded a grant that will fund efforts to help distressed rural and tribal communities develop sustainable, high-growth entrepreneurial ecosystems.

The University earned a five-year, $730,000 grant from the U.S. Economic Development Administration’s 2018 University Center Economic Development Program Competition.

The new funding creates the UM Center for Rural Economic Development (UMCRED) to broaden the reach of another University program, Accelerate Montana (http://acceleratemontana.umt.edu/), which is designed to boost Big Sky businesses from the idea stage all the way to global expansion.