WebThe South Butte TEDD was approved with a Tax Increment Financing provision and has a base year of 1/1/2024. TIF is a state authorized, locally driven funding mechanism that allows cities and counties to direct property tax dollars that accrue from new development, within a specifically designated district, to community and economic development … WebAug 17, 2024 · The Targeted Economic Development District would be the county’s first since a similar district was established years ago near Missoula International Airport, followed in 2014 by a district at ...
Community Development – Big Sky Economic Development
WebTargeted Economic Development District Act, embodied in 7-15-4279, Montana Code Annotated (MCA). Per MCA 7-15-4279 Ravalli County will zone the TEDD in accordance … Data from an array of sources has shown that Americans who grow up in economically distressed areas experience lower-performing schools, higher crime rates, a variety of health and environmental hazards, and less upward mobility. The consequences of these disadvantages have been on stark display … See more For decades, local, state, and federal policymakers have pursued initiatives to strengthen the economies of distressed areas. Geographically targeted tax breaks and other financial … See more Local, state, and federal policymakers have committed billions of dollars to economic development programs designed to … See more riesling conservation
Missoula County The WYE Targeted Economic …
WebMontana to assist the County in the creation of a Targeted Economic Development District (TEDD) in the Wheatland area. As part of its overall strategy to provide infrastructure in support of value-adding industry per the 2013 Targeted Economic Development District Act, embodied in §7-15- WebTargeted Economic Development District In 2013, the Montana Legislature authorized the creation of TEDDs in order to support value adding industries. The use of tax increment financing to help provide infrastructure needed for these industries is a key part of the legislation. Th e Lockwood TEDD and this Strategic Plan have been developed ... WebJul 20, 2024 · “Some of the development on this site can contribute to the improvement of the Wye's Targeted Economic Development District.” Citing a lack of infrastructure, Missoula County created the economic development district in 2024. Like other tax increment districts, new projects will pay to fund improvements within the district's boundaries ... riesling color