EDA Pursues Next Steps in Creating TEDD for Lockwood Industrial Park

The next steps involved in creating a Targeted Economic Development District (TEDD) in Lockwood will be pursued by Big Sky Economic Development Authority (EDA) Director Steve Arveschoug. County Commissioners, in a split vote, gave Arveschoug a nod of approval to transform the concept of a TEDD into a specific proposal for further consideration.

The authority to create a TEDD rests in the hands of the county commissioners, but as stated by Commissioner John Ostlund, "We can't make a well -informed decision without knowing more information." Arveschoug was tasked with taking the concept to a more specific proposal, identifying what is needed and its proposed boundaries.

Read more: EDA Pursues Next Steps in Creating TEDD for Lockwood Industrial Park

Simkins To Speak at BSED Annual Meet, Oct. 9

Big Sky Economic Development plans to celebrate Big Sky Economic Development's 25th anniversary during its annual meeting, set for October 9.

Larry Simkins, President and CEO of Washington Companies, will be the keynote speaker for the Meeting, to begin at 11:30 a.m. to 1 p.m. at the Montana Pavilion at MetraPark. The Annual Meeting will take a look back at its 25 year history, as well as looking ahead for Billings and Yellowstone County. This year's theme will be "Building Remarkable".

Read more: Simkins To Speak at BSED Annual Meet, Oct. 9

Flat Revenues Push County to Borrow for Jail Addition, May Put Levy Request on Spring Ballot

Plans to use one-time tax protest monies and other budget savings to build an addition to the county jail seem to have evaporated in the face of declining taxable property values in the county.

Yellowstone County will be dealing with a tightening financial picture in 2015, due to changes that have impacted taxable property values in the county. Facing, at best, flat revenues, next year, County Director of Finance Scott Turner cautioned County Commissioners about how they decide to spend $3.17 million in one-time disbursements from tax protest funds.

Read more: Flat Revenues Push County to Borrow for Jail Addition, May Put Levy Request on Spring Ballot

Brown Heads Two Senate Committees

 

As the members of the 64th Montana Legislature began to organize last week in Helena, local State Senator Taylor Brown was named to serve as Chairman of two separate committees in the State Senate.

Senator Brown returns to again head the Senate Agriculture, Livestock, and Irrigation Committee, a committee that he has served on since 2009, including a term as Vice-Chair in 2011 and which he ran as Chairman in the most recent 2013 Session.

Read more: Brown Heads Two Senate Committees

Standing with Eastern Montana

The Billings Chamber of Commerce and the Big Sky Economic Development Authority are in support of 16 eastern Montana counties requesting $90 million from state funds to begin the repairs needed to eastern Montana Infrastructure.

In a press release the Chamber said it recognizes that the Bakken Oil Boom can only continue for Montana as long as our communities can continue to grow to accommodate the needs. These funds are integral to upgrade, repair or replace essential infrastructure, and the needs result directly from the Oil Boom.

Read more: Standing with Eastern Montana

EDA/EDC Advance Projects

 

The county can't offer both – tax incentives and a TEDD (Targeted Economic Development District) says County Commissioner Jim Reno in response to a request to create a TEDD in Lockwood.

Last week, Big Sky Economic Development (EDA) Director, Steve Arveschoug, and a number of Lockwood business people asked Yellowstone County Commissioners to consider creating a TEDD, which incorporates a tax increment finance district, which would divert tax dollars from taxing jurisdictions. Arveschoug said a TEDD will probably be necessary to advance EDA's proposal to develop an industrial park in Lockwood.

Read more: EDA/EDC Advance Projects

Northend Bypass Decision Launches Project

northendbypassThe long-awaited Northend Bypass which will connect the Billings Heights and Lockwood with a bridge across the Yellowstone River has been given a Record of Decision regarding the preferred route and sets the project in motion for eventual completion.

The Montana Department of Transportation and the Federal Highway Administration released the decision on Monday, identifying the preferred route as the controversial Phase 1 of the Preferred Alternative (Mary Street Option 2) as described in the Final Environmental Impact Statement (FEIS) as the selected alternative. Residents along Mary Street strongly opposed the selection of that route during the public comment period on the FEIS.

Read more: Northend Bypass Decision Launches Project

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