The creation of a Targeted Economic Development District (TEDD) allows for the enactment of Tax Increment Financing (TIF). 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 activities. The proposed TEDD has infrastructure deficiencies that have been identified which limit the potential for new investment. In order to include properties within a TEDD, they must be properly zoned and be in conformance with the Butte-Silver Bow Growth Policy. The map above shows the current zoning and the proposed TEDD Boundaries based upon the Light Industrial Zoning designation. The boundaries are proposed and we are looking for additional input before a final decision is made.