JSDC approves soybean plant incentive
Tuesday, April 11, 2017
The Jamestown/Stutsman Development Corp. approved economic incentives for the planned Minnesota Soybean Processors crushing plant.
The $282,000 in funding would be repaid from the North Dakota income tax withholding on the new employees of the plant when it begins operations in 2018 and 2019, according to Connie Ova, CEO of the JSDC.
Ova said Minnesota Soybean Processors would likely hire a project manager and assistant to work in Jamestown in May, although the bulk of the new jobs at the plant would be created in 2018 and 2019.