Originally published in the 12/1/17 print edition of Yellowstone County News.
LOCKWOOD — The Yellowstone County Commissioners on Tuesday approved the recently completed Master Plan for the Lockwood Targeted Economic Development District (TEDD) after a public hearing.
Planners under the direction of KLJ, have spent most of the past year developing a plan under which an industrial park will be developed in Lockwood through the taxing mechanism of a TEDD. The TEDD is a tax increment finance district in which future new tax revenues are applied to infrastructure development within the district boundaries. Highlights of the draft TEDD Master Plan were presented during the county commission meeting last week.
With the approval of the document by the Yellowstone County Commissioners, the next steps can be taken to develop the TEDD, which including appointing an Advisory Board and beginning an application process for grants to fund additional planning and development.