Jamestown/Stutsman Development Corporation

North Dakota Soybean Processors’ Lawsuit Dismissed: Resolution ends 2019 litigation over soybean processing plant

North Dakota Soybean Processors’ Lawsuit Dismissed: Resolution ends 2019 litigation over soybean processing plant Main Photo

7 Feb 2020


Jamestown, ND – Feb. 7

Spiritwood Energy Park Association (SEPA) announced today that the 2019 lawsuit filed against the organization by North Dakota Soybean Processors (NDSP) has been settled to the satisfaction of both parties and dismissed with prejudice.

“We’re very pleased to have this matter settled,” said Connie Ova, SEPA’s chief executive officer. “With this distraction removed, we can focus our full attention on building North Dakota's first soybean processing facility. A local crushing plant will create new jobs here in the Jamestown area and new economic opportunities for North Dakota farmers.”

About Spiritwood Energy Park Association

SEPA’s sole function is to manage the Spiritwood Industrial Park, a 551-acre industrial park located approximately 10 miles east of Jamestown, North Dakota, and just south of Spiritwood, North Dakota.  The park adjoins the Great River Energy heat and power plant and its anchor tenant is Dakota Spirit AgEnergy, a 65 million-gallon-per-year biorefinery that produces ethanol, distillers’ grains and fuel-grade corn oil.

SEPA provides common-use transportation infrastructure, industrial lots, property management and value-added services on a fee-for-service basis to new and expanding businesses of the industrial park.  The association is majority-owned and operated by the Jamestown/Stutsman Development Corporation with Great River Energy being the minority owner. JSDC was organized to develop employment, improve business conditions, and advance the interests of the City of Jamestown and Stutsman County, North Dakota, by implementing and sustaining an organized effort to attract new business and industry, support existing business and industry, and encourage new business starts.

 

Note to Editors: For more information, please contact Jon Austin at (612) 839-5172 or jon@jaustingroup.com.

fast fact

Get Our Newsletter