Jamestown  (JSDC)  At the June Monthly meeting, the Jamestown Stutsman Development Corporation (JSDC) Board of Director, addressed FlexPace loan updates.

On Tuesday’s Wayne Byers Show on CSi Cable 2, JSDC Business Development Manager Corry Shevlin added that so far, all Flex PACE funds for the year have been obligated.

In 2021 so far, more than $279,828 has been distribute through the Flex PACE program. Current applications awaiting consideration include Casey Stoudt, Medicine Shoppe, Creative Energy, IDK, Liecthy Family Housing, and Pizza Ranch. The total amount of those requests are up to $480,000.

The board approved a  committee recommendation for  funding up to $1 million for the 2021 Flex PACE program up to an additional $720,000.   Included is $800,000 from the City of Jamestown and $200,000 from Stutsman County for the program.

 

The board  has approved the new FlexPACE rules. Also approved was funding the 2022 Flex PACE program, awaiting  city and county approval, of up to $500,000 within certain parameters.

He added that there is currently $4.3 million dollars available in economic development funds available for projects, with  Economic Development funds generating $1.56 million annually including the city sales tax and the county mill levy.

The board reported that awaiting consideration include Casey Stoudt, Medicine Shoppe, Creative Energy, IDK, Liecthy Family Housing, and Pizza Ranch. The total amount of those requests are up to $480,000. So far this year, over  $279,828 has been distribute through the Flex PACE program.

Also, the board, voted to de-obligate airport park funds.

A total of $424,007.15 was de-obligated at the City and $106,557.00 at the County.

JSDC was under budget for infrastructure costs at the Airport Industrial Park.