Jamestown  (CSi)  The  Jamestown/Stutsman Development Corporation (JSDC) Board of Directors has approved submitting  an application for a $68,750 federal government Payroll Protection Program (PPP) loan designed to aid non-profit organizations that face economic uncertainty.

On Wednesday’s Wayne Byers Show on CSi Cable 2, JSDC Business Development Director, Corry Shevlin said,  if approved, the money would be provided as a one percent loan. The Repayment of the loan may be waived in the future.

He added that the Board  of Directors has approved the preliminary 2022 budget of about $50,000 less than the 2021 budget.   The budget decrease stems for the most part from combining an administrative assistant position with the financial director position. That, according to JSDC, CEO, Connie Ova.

In other business, the JSDC Board  approved funding for the program to share costs with businesses hiring interns in the coming year,  funded at $105,000, which will be further reviewed.

Corry added that the JSDC Board of Directors approved returning to in-person meetings starting  April 12 this year.  He said, the meetings will be initially held at the Quality Inn and Suites to observe social distancing. The JSDC will also hold its annual meeting May 19, planned to be held the Quality Inn and Suites.