Jamestown, ND (KCSi-T.V. News Feb 6, 2013) — The Jamestown Stutsman Development Corporation Board of Directors has voted unanimously to have Champ Industries to repay a $45,000 in a grant it received in 2009.
The reason is because of hiring stipulations that haven’t been fulfilled.
On Wednesday’s (Feb 6, 2013) Wayne Byers Show, on CSi Cable 2, JSDC’s DeAnn Brunner said, the original grant helped cover Champ’s relocation and expansion costs and was based on $5,000 in grant money for each of 32 full-time equivalent employees.
Champ was found to be nine employees short of the goal of 32 employees on Dec. 31, 2012.
The JSDC had extended Champ Industries one year of extra time to add the required employees.
She said, the money collected from Champ will be held in escrow and the JSDC will return $5,000 for each new hire made before the end of 2013.
It was noted at the board meeting that the loan documents on the Cherry Berry store had been signed.
Kal Patel has purchased the building on Highway 281 South, and the Cherry Berry franchise.
Patel is looking at options for another business venture within the building.
A tentative spring opening date is planned, at the former Master Bread Store location.
Patel received a Flex Pace interest buy down incentive plan for the Cherry Berry operation in September 2012.












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