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Montana businesses have a larger pool to seek loans for startups and expansions.

The nonprofit Montana Community Development Corp. announced last week it received $55 million in new tax credits from the U.S. Treasury Department for economic development.

The Missoula-based agency has received $276 million total to help fund projects statewide, including an office building in Billings. The agency received its first tax-credit grant in 2008 and estimates the program has helped create 1,230 jobs statewide.

The Treasury Department program was created in 2000 to help encourage development in traditionally poor areas.

Visit www.mtcdc.org for more information.

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