Tempo financing software program listening to established for March 22

A public hearing is set for March 22 regarding a project for PACE financing for energy-efficient upgrades for businesses countywide.

Cascade County commissioners voted unanimously to approve a Decision of Intent to create a countywide Tempo Plan, made to incentivize regional companies to make vitality-economical upgrades, all through their Tuesday morning assembly.

County Commissioner Joe Briggs defined at some point of the carry out session that organizations can get loans for vitality-performance jobs and expansions that embody vitality effectivity. He acknowledged that the debt is compensated via the Montana Facilities Finance Authority and that the county would accumulate it via home taxes.

“If an distinctive group needs to fund energy upgrades, they’ll get the enterprise mortgage, they’ll carry out by means of the Montana providers group, which handles all of the accounting and all of that after which it goes on their taxes as a two occasions a 12 months choice identical to regular taxes,” Briggs talked about, evaluating it to how the county right now conducts a Rural Distinctive Development District (RSID), however on a small business-by-enterprise stage.