Latest news with #JSDC
Yahoo
2 days ago
- Business
- Yahoo
JSDC board approves funding for Explorers Academy expansion
Jun. 10—JAMESTOWN — The Jamestown/Stutsman Development Corp. unanimously approved funding on Monday, June 9, to help an existing child care center with its expansion. The funding request from Explorer's Academy Jamestown LLC was for $10,000 through the JSDC's Daycare Expansion Assistance Program that helps new child care startups and existing remodeling projects increase capacity. The city's share will be $8,000 with the county's share being $2,000. Explorer's Academy Jamestown LLC, which does business as Explorers Academy, is expanding its child care center that provides care for infants to school-aged children, said Alyssa Looysen, business development director at JSDC. She said the expansion gives Explorers Academy flexibility to grow its after-school care program and its current capacity of other age groups. Explorers Academy currently does not have any openings, said Tyler Liebel, chief financial operations officer. "There's as great a need now as there ever has been for day care, and what this addition would allow us to do is to expand our operations from 60 enrollments to upwards of 90 with the focus primarily being school age," he said. Liebel said the expansion includes adding 600-foot-square two classrooms, two full bathrooms and a utility room that will service the new addition on the southeast side of the current building. He said some playground equipment will be updated and securing the playground area. With the expansion, he said Explorers Academy will add five to six full-time employees or eight to nine part-time employees or a combination of the two. The cost of the project is $592,000. Liebel said half the project will be financed through North Dakota Development Fund Inc. He said the other half will be financed through owner equity. The North Dakota Development Fund provides flexible gap financing through loans and equity investments not available from most conventional lenders for the purpose of economic development, according to the North Dakota Department of Commerce's website.
Yahoo
13-05-2025
- Business
- Yahoo
JSDC board funds $1M for program to develop residential lots
May 13—JAMESTOWN — The Jamestown/Stutsman Development Corp. Board of Directors unanimously approved on Monday, May 12, funding $1 million for a program that would help develop infrastructure for residential lots. The program would be 100% funded by the city of Jamestown's economic development fund with Jamestown City Council approval. The JSDC board previously approved in March a forgivable loan of $1 million to the city of Jamestown that would have been used as matching dollars for the Housing for Opportunity, Mobility and Empowerment (HOME) grant program established by Senate Bill 2225. Senate Bill 2225 failed in the North Dakota Legislature. The HOME program would have provided grant dollars for one-third of the infrastructure costs for residential development projects. The local political subdivision and the developer of the residential lots would have each provided one-third of the costs for residential development projects. The JSDC is structuring the program similarly to the HOME grant program. The JSDC's program will fund 50% of the infrastructure costs for new residential development while the developer pays 50% of those costs. The $1 million allocated for the HOME grant program will go toward the JSDC's similar program. The same parameters for the HOME grant program will be used with the JSDC's program. A minimum of five residential lots would need to be developed and the agreements for residential lot development would be between the city of Jamestown and the developer. "I don't think it's prudent for us to be investing in single lots ... across town," Shevlin said. The program can only be used for residential projects within Jamestown city limits. Mayor Dwaine Heinrich, a member of the JSDC board, said residential lots are needed in Jamestown. "They have to be somewhat affordable or we have lots that nobody can afford," he said. Heinrich said the City Council will need to decide if the remaining portion of the developer's cost will be included in the lot sale so the purchaser of the lot will be buying it without any special assessments. He also said the intent of the program is to make the lots affordable for the community. "We just want to make sure that there are lots in the community for people who want to build a house," he said. In other business, the JSDC board unanimously approved seven internships for the organization's Internship Reimbursement Program. Six internships will be eligible for the maximum reimbursement of $3,500. One internship is eligible for $1,425 of reimbursement. The program contributes up to $3,500 to reimburse employers that hire university or college students to assist in payroll costs. The program allows employers to get half of the internship reimbursed. Employers are required to pay the intern at least $15 per hour. The employer and internship position must be located in Stutsman County. Interns must be juniors or seniors or within two years of completing their program.
Yahoo
12-03-2025
- Business
- Yahoo
JSDC board approves $1 million for housing grant program
Mar. 12—JAMESTOWN — The Jamestown/Stutsman Development Corp. Board of Directors unanimously approved on Monday, March 10, a forgivable loan of $1 million to the city of Jamestown that will be used as matching dollars for a grant program that helps create residential housing development. The funding is contingent on approval of Senate Bill 2225 in the state Legislature. The bill was approved in the Senate and is now in the House. SB 2225 establishes the Housing for Opportunity, Mobility and Empowerment (HOME) grant program in the North Dakota Department of Commerce. The Commerce Department would award grants to political subdivisions to build infrastructure to support affordable market-rate housing. The grant program would be funded one time and ends on June 30, 2027. SB 2225 would appropriate $50 million to the program. The Commerce Department would allocate $10 million for communities with a population of 5,000 or less, $20 million for communities with a population of 5,001 to 20,000 and $5 million for rural metropolitan areas located within 20 miles of city limits of a community with more than 20,000 people. The program provides grant dollars for one-third of the infrastructure costs for residential development projects. The local political subdivision and the developer of the residential lots would each provide one-third of the costs for residential development projects. In related business, the JSDC board unanimously approved deobligating $500,000 for a housing program for the development of residential lots within Jamestown city limits. The $500,000 was reallocated to use as matching dollars for the HOME grant program. The JSDC's housing program has not been used by any developers. If the $1million in funds are not used for the HOME grant program, they will return to the JSDC and go back into the economic development fund, said Corry Shevlin, CEO of JSDC. Although SB 2225 has not passed both chambers in the Legislature, Shevlin recommended approval of the forgivable loan to the city of Jamestown because the bill contains an emergency clause that would immediately fund the program once it is signed by Gov. Kelly Armstrong. "There is an emergency clause on it, which is another reason that we're seeing this today versus next month or after session just so we have the ability to move quickly and not lose a construction season," Shevlin said. Shevlin said the HOME grant program would be used to develop residential lots within Jamestown city limits. He said dollars could be leveraged from the HOME grant program for projects outside of city limits if it makes sense. "There are some pretty significant differences in what it takes to stand up a residential development in the city versus outside the city," he said. He said additional costs in city limits include sewer, paved roads and curb and gutter. Using the HOME program would reduce the cost by two-thirds to develop residential lots in Jamestown. Shevlin said those lot prices would need to reflect that cost saving to the end buyer. How special assessments on a developed lot would be paid back will need to be negotiated between the developer and the city of Jamestown, he said. Mayor Dwaine Heinrich said a special assessment should be paid off when each lot is sold so the end buyer is purchasing a lot with no special assessments. "It would have to be in the lot price," he said. Shevlin said a minimum of five residential lots would need to be developed using the HOME program and the agreements for residential lot development would be between the city of Jamestown and the developer. He said anywhere from 35 to 55 lots could be developed with the program. He said developed lots are needed for all types of housing including multi-family and single-family residences. He said larger residential lots are needed for bigger houses that can be used to recruit doctors or other professionals to Jamestown. Heinrich said residential lots that could be developed are in east, northeast and southwest Jamestown. In 2021, the JSDC Board approved a request for $50,000 to contract preliminary engineering for cost estimates to proposed housing development sites. The cost of the preliminary engineering report completed by Interstate Engineering was $30,000. Interstate Engineering prepared the preliminary engineering report that includes existing conditions for five locations — Beverly Hills Sixth Addition, Horizon Estates First Addition and Schumacher Acres, Loose Bypass Subdivision, Looysen Scenic View Estates and the Meadows Addition — for potential development that would require additional city water and sanitary sewer infrastructure. The report analyzed the city's existing infrastructure that would connect to the proposed development locations and reviewed sanitary sewer and water mains.
Yahoo
12-03-2025
- Business
- Yahoo
JSDC board approves $1 million for housing grant program
Mar. 12—JAMESTOWN — The Jamestown/Stutsman Development Corp. Board of Directors unanimously approved on Monday, March 10, a forgivable loan of $1 million to the city of Jamestown that will be used as matching dollars for a grant program that helps create residential housing development. The funding is contingent on approval of Senate Bill 2225 in the state Legislature. The bill was approved in the Senate and is now in the House. SB 2225 establishes the Housing for Opportunity, Mobility and Empowerment (HOME) grant program in the North Dakota Department of Commerce. The Commerce Department would award grants to political subdivisions to build infrastructure to support affordable market-rate housing. The grant program would be funded one time and ends on June 30, 2027. SB 2225 would appropriate $50 million to the program. The Commerce Department would allocate $10 million for communities with a population of 5,000 or less, $20 million for communities with a population of 5,001 to 20,000 and $5 million for rural metropolitan areas located within 20 miles of city limits of a community with more than 20,000 people. The program provides grant dollars for one-third of the infrastructure costs for residential development projects. The local political subdivision and the developer of the residential lots would each provide one-third of the costs for residential development projects. In related business, the JSDC board unanimously approved deobligating $500,000 for a housing program for the development of residential lots within Jamestown city limits. The $500,000 was reallocated to use as matching dollars for the HOME grant program. The JSDC's housing program has not been used by any developers. If the $1million in funds are not used for the HOME grant program, they will return to the JSDC and go back into the economic development fund, said Corry Shevlin, CEO of JSDC. Although SB 2225 has not passed both chambers in the Legislature, Shevlin recommended approval of the forgivable loan to the city of Jamestown because the bill contains an emergency clause that would immediately fund the program once it is signed by Gov. Kelly Armstrong. "There is an emergency clause on it, which is another reason that we're seeing this today versus next month or after session just so we have the ability to move quickly and not lose a construction season," Shevlin said. Shevlin said the HOME grant program would be used to develop residential lots within Jamestown city limits. He said dollars could be leveraged from the HOME grant program for projects outside of city limits if it makes sense. "There are some pretty significant differences in what it takes to stand up a residential development in the city versus outside the city," he said. He said additional costs in city limits include sewer, paved roads and curb and gutter. Using the HOME program would reduce the cost by two-thirds to develop residential lots in Jamestown. Shevlin said those lot prices would need to reflect that cost saving to the end buyer. How special assessments on a developed lot would be paid back will need to be negotiated between the developer and the city of Jamestown, he said. Mayor Dwaine Heinrich said a special assessment should be paid off when each lot is sold so the end buyer is purchasing a lot with no special assessments. "It would have to be in the lot price," he said. Shevlin said a minimum of five residential lots would need to be developed using the HOME program and the agreements for residential lot development would be between the city of Jamestown and the developer. He said anywhere from 35 to 55 lots could be developed with the program. He said developed lots are needed for all types of housing including multi-family and single-family residences. He said larger residential lots are needed for bigger houses that can be used to recruit doctors or other professionals to Jamestown. Heinrich said residential lots that could be developed are in east, northeast and southwest Jamestown. In 2021, the JSDC Board approved a request for $50,000 to contract preliminary engineering for cost estimates to proposed housing development sites. The cost of the preliminary engineering report completed by Interstate Engineering was $30,000. Interstate Engineering prepared the preliminary engineering report that includes existing conditions for five locations — Beverly Hills Sixth Addition, Horizon Estates First Addition and Schumacher Acres, Loose Bypass Subdivision, Looysen Scenic View Estates and the Meadows Addition — for potential development that would require additional city water and sanitary sewer infrastructure. The report analyzed the city's existing infrastructure that would connect to the proposed development locations and reviewed sanitary sewer and water mains.
