Skip to content
News
Yellowstone County weighs creating a C-PACE district that facilitates cheap loans for business improvements
Yellowstone County commissioners want more time before they pull the trigger on forming a special district that would guarantee low-interest loans to businesses wanting to make their facilities more energy efficient.
County businesses and nonprofits, along with agencies like the Billings Chamber of Commerce, the Downtown Billings Alliance and Big Sky Economic Development, have been lobbying the county all summer to form the district.
The program, known formally as Commercial Property Assessed Capital Enhancements or C-PACE, was approved last year by the state legislature and is run by the state’s facility finance authority. Counties that want to make use of C-PACE are required by state law to form a special district that would structure the program.
