TIFD/TEDD Board

Board Members

Stevensville Airport Targeted Economic Development District

The Stevensville Airport Targeted Economic Development District (TEDD) occupies 174 acres and is currently home to aircraft related industries.  Stevensville’s Airport TEDD is intended to provide the local government with the ability to employ tax increment financing (increases in tax revenue) for appropriate public infrastructure projects in support of aviation related light industrial businesses at the Stevensville Airport. There are currently nine businesses with a total of about 20 employees. Of these, seven businesses are engaged in value adding light industrial activities and the majority of their revenue is derived from outside the State of Montana. Of those seven businesses engaged in value added enterprises, three are also engaged in research and development associated with providing new innovations to the aircraft market including home kits, bush aircraft, and experimental aircraft engines. However, further growth of value-adding businesses and industries at the site is limited by the lack of adequate sewer and water infrastructure.
The Stevensville Airport TEDD is located on land that was recently annexed to the town. The recently annexed airport land is suitable for value added, light industrial and technology development if the proper infrastructure and public improvements can be provided.  One limiting factor to the development of these types of enterprises is the fact water and waste water infrastructure do not currently extend to the airport.  The town views the Stevensville Airport TEDD as an opportunity to incentivize appropriate locations for light industrial and manufacturing businesses. Proper infrastructure for water and waste water is a key component of this effort.
The TEDD clearly defines appropriate, sustainable space in the community of Stevensville where secondary, value-adding business growth can occur. Its purpose is to develop additional infrastructure to encourage the location, expansion and retention of value added industries suitable for location at an airport, compatible with Federal Aviation Agency (FAA) regulations. As the district is also in close proximity to residential and commercial areas, the types of industrial uses will be limited to those with minimal adverse off-site impacts.

Stevensville Tax Increment Financing Industrial District

Stevensville’s TIFID is situated on 40 acres at the north end of town and is home to a variety of industrial uses.  The TIFID area includes properties of Selway Corporation, which is engaged in steel fabrication and serves the western United States, Alaska and western Canada, as well as some adjacent vacant land and some pre-existing residential uses. Selway Corporation’s manufactured products are large and many of them must be shipped out by over-size flatbed trailers. The corporation has 135 employees with an annual payroll of $5.5 million. 
The purpose of the TIFID was to address the immediate needs of the companies in the district and then to develop additional infrastructure to encourage the location, expansion and retention of industrial and value added industries in the Town of Stevensville. To that end, both public water and public sewer mains were recently extended into the district, enabling existing and future industries to utilize those services. 
The district provides land for a wide range of activities, including manufacturing and other light industrial businesses. Because the district is in close proximity to residential areas, the types of industrial uses will be limited to those with minimal adverse off-site impacts.