1. Ravalli County Economic Development Authority RCEDA is comprised of 7 Commissioners, appointed by the County Commissioners. RCEDA is comprised of 7 Commissioners, appointed by the County Commissioners. Commissioners serve 5 year terms. Commissioners serve 5 year terms. RCEDA was formed in 1997 as a Port Authority by the Ravalli County Commissioners. The RCEDA enhances the Bitterroot Valley, alone or cooperatively, through quality economic development.

2. Ravalli Entrepreneurship Center [REC] New Economy New Economy –From Extraction to Information and Service based Economy Goal: Knowledge Based Community Goal: Knowledge Based Community Model: Economic Gardening Model: Economic Gardening Preserve Key Asset: The Valley’s Quality of Life Preserve Key Asset: The Valley’s Quality of Life

3. Unique Assets We Have: Amazing recreation – 75% of Ravalli County federally owned. Amazing recreation – 75% of Ravalli County federally owned. Great schools Great schools Cultural Amenities Cultural Amenities Performing Arts Center An Existing Biotech Knowledge Base with ready-made markets An Existing Biotech Knowledge Base with ready-made markets

4. REC Overview $3.2 million dollar facility $3.2 million dollar facility 10,000+ square feet of Premium 10,000+ square feet of Premium –Space –Services –Quality of Life Federal, state, RCEDA, bank and local funding Federal, state, RCEDA, bank and local funding

5. Potential Additions to REC GSK R&D Department GSK R&D Department University of Montana Education Center University of Montana Education Center Bitterroot Community College Bitterroot Community College Bitterroot Job Service Bitterroot Job Service

6. Facility 4 acres on Old Corvallis Road 4 acres on Old Corvallis Road Flexible space Flexible space Lab space available Lab space available Grand Opening fall of 2009 Grand Opening fall of 2009 Monthly - $1.25 to $2.00 per sq. foot Monthly - $1.25 to $2.00 per sq. foot

7. Services “We'll be assisting the RCEDA with vetting applicants and assessing proposals to make them more solid, to make sure they have rigorous review and a solid business plan," said Michael Covarrubias, site director of GSK's Hamilton operation. "We expect that most of them will need money. The RCEDA can introduce them to investors, and our hope is that some could be funded." “We'll be assisting the RCEDA with vetting applicants and assessing proposals to make them more solid, to make sure they have rigorous review and a solid business plan," said Michael Covarrubias, site director of GSK's Hamilton operation. "We expect that most of them will need money. The RCEDA can introduce them to investors, and our hope is that some could be funded."

8. Services Rob Ryan founder of Ascend Communications will personally meet with Entrepreneurs at his Roaring Lion Ranch to evaluate and advise on business plans. Rob Ryan founder of Ascend Communications will personally meet with Entrepreneurs at his Roaring Lion Ranch to evaluate and advise on business plans.

9. REC Services Mentoring, Coaching, Advisory Boards Mentoring, Coaching, Advisory Boards Networking, Access to Capital Programs Networking, Access to Capital Programs Quality Common Area features: Conference Room, Technology, Business Center Quality Common Area features: Conference Room, Technology, Business Center Support from the Higher Education Community Support from the Higher Education Community

10. Conclusion – With your help REC will provide –Successful, home- grown, businesses –Good-paying jobs –Quality of Life The facility and technical assistance to create a Knowledge-Based Community.