buffDieselJamestown, ND (KCSi-T.V. News Oct 16, 2013) — The Jamestown Stutsman Development Corporation has approved a PACE interest buydown for an expansion at Buffalo City Diesel.

On Wednesday’s (Oct 16, 2013) Wayne Byers Show on CSi Cable 2, JSDC’s Business Development Coordinator, DeAnn Brunner said, the JSDC will provide a loan of up to $200,000 while the Bank of North Dakota will provide a grant of up to $300,000 to reduce the interest on the loan for the expansion.

The money loaned by the JSDC is repaid after the original expansion loan is paid off. The original expansion loan is about $350,000.

She also noted that Jamestown will host a statewide economic development conference.

The gathering is set for October 28-30, 2013, at the Quality Inn and Suites, in Jamestown.

The public is invited to attend and may pre-register on line at www.growingjamestown.com

Ms Brunner added that the JSDC Board unanimously approved a $75,000 grant to the Buffalo City Tourism Foundation, that is matched by other BCTF funds and used to provide grants to tourism sites and operations in Jamestown and Stutsman County.