The Jamestown/Stutsman Development Corporation is prepared to assist you with any of the following approaches to Economic Development:

• Job Creation Programs

  
       — Primary Sector businesses that bring in outside dollars
       — Business retention and expansion
  
  

  Workforce Training & Relocation Grants

  
       — Workforce 20/20 New Jobs Training
       — Assist with relocation & mobilization
  
  

  Community Enhancement Programs

  
       — To enhance “quality of life” in the region
       — Assist with relocation & mobilization
  
  

JSDC Yearly Projects 1988-2008

This can be accomplished through use of a combination of the following options:

	Economic Development Fund The City of Jamestown and Stutsman County have a combined Economic Development Fund which is a multimillion-dollar economic development program available to assist with expanding or relocating business. As part of financial packages, the Jamestown Stutsman Development Corporation (JSDC) makes direct loans, equity investments, and interest buy-downs to businesses. Tier 1 Proposal Outline.pdf Tier 1 Funding Proposal Word Document .doc
	PACE Loan This is an interest buy down program funded by local government and the Bank of North Dakota. There are no loan size limitations or set owner equity requirements. Funds can be used for working capital and fixed assets. Loan can be written down to a maximum of 5% below prime. The PACE Fund assists North Dakota communities to expand their economic base by providing for new job development. PACE Loan
	Flex PACE Loan The PACE family of programs at BND is designed to encourage specific types of economic activity within the State of North Dakota. In general terms, PACE provides an interest buy down that can reduce the borrower’s rate of interest by as much as 5%. The Flex PACE feature of the PACE program provides interest buy down to borrowers that do not fit into the traditional definition of a PACE qualifying business. Under Flex PACE, the community determines eligibility and accountability standards. Flex PACE allows communities the ability to provide assistance to borrowers with a business focus or need outside of the current requirements of PACE, such as jobs retention, technology creation with no new jobs, retail, smaller tourist businesses and essential community services. Flex PACE Loan
	Bank of North Dakota Located in Bismarck, ND, this is the only state-owned bank in the nation. Its mission, established by legislative action in 1919, is to encourage and promote agriculture, commerce and industry in North Dakota. In this role, the Bank acts as a funding resource in partnership with other financial institutions, economic development groups and guarantee agencies Bank of ND
	South Central Dakota Regional Council R&D Technical Assistance Grants, Revolving Loan Fund, SBA Micro Loan Program as well as the Community Development Loan Fund. South Central Dakota Regional Council is co-located with the Jamestown/Stutsman Development Corporation at 120 2nd Street SE in Jamestown. Phone: 701-952-8060 South Central Dakota Regional Council
	Small Business Development Center (SBDC) The Office of Small Business Development Centers (SBDC) provides management assistance to current and prospective small business owners. SBDCs offer one-stop assistance to individuals and small businesses by providing a wide variety of information and guidance in central and easily accessible branch locations. The program is a cooperative effort of the private sector, the educational community and federal, state and local governments and is an integral component of Entrepreneurial Development's network of training and counseling services. The SBDC office is co-located with the Jamestown/Stutsman Development Corporation at 120 2nd Street SE in Jamestown. Phone: 701-952-8060 SBDC
	Community Development Revolving Loan Fund The South Central Dakota Regional Council currently has up to $500,000 available in this low-cost financing option. Like other funding sources, the number of jobs created would have a bearing on the amount of accessible funds. CDBG Info
	Northern Plains Electric Revolving Loan Fund When it comes to economic and business development, one more resource never hurt, click on the link to find out more information about a program that is offered exclusively by Northern Plains Electric Cooperative to bolster commerce in its service area (which extends from south of Jamestown to the Canadian border). Northern Plains' Revolving Loan Fund provides loans from a minimum of $5,000 (goes up, depending on project and what is available in the fund which totals $400,000) to provide temporary or permanent financing for capital costs (land, buildings, infrastructure), equipment, and working capital on worthy projects. Northern Plains Website
	North Dakota Development Fund Funded and administered by the state, this program can provide debt of equity frinancing up to $300,000 in "gap financing" for startup and expanding companies. ND Development Fund Guidelines
	North Dakota New Jobs Training Program Provides incentives to businesses that are creating new employment opportunities through business expansion and relocation to the state. The program provides primary sector business with no-cost funding to help offset the cost of training new employees. The North Dakota New Jobs Training Program provides for the capture of the state income tax withholding generated from the new job positions that are created. ND New Jobs Training Funds Info
	Primary Sector Business Certification To qualify for New Jobs Training Funds through the ND Job Service you must be complete the application and be accepted as a "primary sector business" for the state of ND. Primary Sector Business Certification (pdf)
	Workforce 20/20 A program to assist North Dakota businesses and industries in retraining and upgrading worker's skills to meet demands of new technologies and work methods. Workforce 20/20 provides funding assistance to businesses to offset training costs for current workers and new employees when the business is new to the state, expanding employment in the state, introducing new technologies or introducing new production methods. Workforce 20/20
	Agricultural Products Utilization Commission (APUC) The Commission promotes the development of new and expanded uses of North Dakota Agricultural products. APUC provides grants for research, feasibility studies and marketing for agricultural and value-added projects. APUC Info
	ND Tax Incentives for Business No sales and use taxes on machinery and equipment, utilities; reduced sales tax on natural gas. No interstate sales tax on phone line communication. ND Tax Incentives for Business (pdf)
	SBA 504 Makes fixed-rate long-term loans on fixed assets. Funding limits (SBA share of loan) are $1,000,000 or 40% of project cost whichever is less. Interest rate on SBA share is US Treasury note plus 1%. SBA will take a second mortgage and requires owner equity of a minimum of 10%. SBA
	City/County Property Tax Exemption New or expanded businesses or enterprises may negotiate for up to five years full of partial exemption from local property taxes. A second five-year exemption may apply if the business uses agricultural products grown in North Dakota.
	North Dakota Roots Program-home ownership Owning your own home and establishing roots in a community are very much a part of the American dream. The North Dakota Housing Finance Agency (NDHFA) is pleased to be able to help new and returning North Dakotans achieve their American Dream through our North Dakota Roots Program. North Dakota Roots provides new North Dakotans with either a below market interest rate loan or a market interest rate loan that includes down payment and closing costs assistance. North Dakota Roots Program-home ownership
	SCORE SCORE "Counselors to America's Small Business" is a nonprofit association dedicated to educating entrepreneurs and the formation, growth and success of small business nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA). SCORE is headquartered in Herndon, VA and Washington, DC and has 370 chapters throughout the United States and its territories, with 11,200 volunteers nationwide. Both working and retired executives and business owners donate time and expertise as business counselors. SCORE was founded in 1964. We are America's premier source of free and confidential small business advice for entrepreneurs. SCORE is co-located with the Jamestown/Stutsman Development Corporation at 120 2nd St. NE Phone: 701-252-6861 Get FREE Business advice now!