Economic Districts
Special tax increment districts in Butte-Silver Bow provide help to qualified developers in the form of planning assistance, infrastructure funding, interest rate write downs, and loans.
Butte-Silver Bow Community Development Resources
Eligibility Requirements for Developers
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Developers must plan to locate within the economic development or special tax district.
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Any developer who wishes to apply for tax increment assistance must enter into an assessment/development agreement with the local government.
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Development applications are evaluated based on job creation, taxable valuation, added value and leverage ratios
South Butte Targeted Economic Development District
https://co.silverbow.mt.us/867/South-Butte-TEDD
https://co.silverbow.mt.us/867/14784/South-Butte-TEDD
The South Butte Targeted Economic Development District was created in 2017 to work on infrastructure deficiencies and stimulate economic development in the area between South Parkmont Road and Fat Jack Road, along Basin Creek Road.
Butte-Silver Bow Urban Revitalization Agency
https://co.silverbow.mt.us/134/Urban-Revitalization-Agency
https://co.silverbow.mt.us/227/Urban-Revitalization-Agency-Board
Approved in 2014, the URA promotes redevelopment and stimulation of investment in Uptown Butte. The URA encompasses the area north of 2nd Street, east of South Jackson Street, south of Boardman Street and west of Arizona Street. Matching grants and low interest loans are available to help fund property redevelopment and infrastructure projects.
Projects the URA has supported include:
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Historic M&M Bar demolition and redevelopment
https://www.kxlf.com/news/local-news/butte-agency-granting-funds-to-aid-in-m-m-building-demolition
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Murals and signage in the district
Harrison Avenue South Urban Renewal District
https://www.co.silverbow.mt.us/2173/Harrison-Ave-URD-Board
https://www.co.silverbow.mt.us/3278/Harrison-Avenue-South-Urban-Renewal-Dist
State authorized in 2019, the Harrison Avenue South Urban Renewal District directs property tax dollars to fund community and economic development in the area south of Sampson Street, west of Howard Street, north of Sunset Road and east of Warren Avenue. The district’s board focuses on creating a thriving commercial center with mixed uses in the area.
Major projects the district has supported include:
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Cornerstone Plaza, a 17.5-acre, $26 million retail development
https://nbcmontana.com/news/local/groundbreaking-for-butte-retail-plaza-set-for-oct-14
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Northwest Real Estate Capital Corporation affordable housing complex for seniors
https://nbcmontana.com/news/local/butte-affordable-housing-complex-for-seniors-set-to-break-ground