The Miles City Area Economic Development Council works to achieve a vibrant, diverse and sustainable economy in Miles City and Custer County.The purpose of MCAEDC is to position Miles City as an attractive place to work, run a business, live, play, learn and connect.
In 2019, members of the MCAEDC board conducted a survey of MCAEDC partners and supporters gathering key information. Items that rose to the top in each interview include Marketing and Publicity of MCAEDC, which has been addressed by beginning work on a new web page and creating a larger Facebook and Instagram presence. We have also attended several marketing workshops that have helped us gain a better understanding of social media platforms that we occupy.
The Leadership Miles City Class was another item that arose in the interviews. This is seen as a great asset and the current class is very involved and great to be a part of. There are new ways being utilized to keep the alumni involved with MCAEDC and in the community, including involvement in West End Trail Development and development of City Land. Long-range planning documents are currently being produced by MCAEDC for added trails, surfacing, and general upkeep.
The work of MCAEDC will continue to be aligned with the goals set out in the Miles City growth policy dated in 2015, as well ad the Custer County Growth plan. MCAEDC acknowledges the role of corporations, small and medium-sized businesses, non-profits, volunteer groups, and public and private sector organizations in fostering a healthy and prosperous economy and will partner with those entities in the pursuit of mutually agreed upon endeavors when requested.
Through MCAEDC, there is currently access to five different gap financing programs for the small business community. Elizabeth Patten, in her role as loan officer, provides a funding link between the banking and small business communities, thus creating economic activity in the private sector. In the past five years, SouthEastern Montana Development Corporation has made direct loans of nearly $1 million while partnering with area financial institutions.