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Committee releases recommendations for Butte economic development

Wednesday, August 13, 2014

Article by NBC Montana

BUTTE, Mont. -

Butte-Silver Bow Chief Executive Matt Vincent said the city will continue to work with Butte Local Development Corporation despite a new report that says the city should seriously reconsider the agreement.

The recommendation comes from the Butte-Silver Bow Economic Development Committee. The committee was tasked with finding ways to improve how Butte-Silver Bow manages economic development and review money spent.

Other recommendations included more accountability and evaluation of money and grants, as well as to create an ordinance or resolution for future spending from the redevelopment trust.

Vincent said he was troubled when he saw stores, restaurants and hotels closing their over the past year.

"There was a lot of concern out there in the community. Rightfully so -- where are we headed economically?" said Vincent.

The city and county were moving in the wrong direction economically. To figure out what was going on, Vincent created a six-person committee.

"It was really important for us to take a good, critical look at how we spend our taxpayers' money and time on economic development," said Vincent.

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