JSDC, Regional Council reach agreement on 2018 dues
The Jamestown/Stutsman Development Corp. is accepting an offer from South Central Dakota Regional Council that will settle a disagreement on dues that has lasted all year.
The disagreement began when the Regional Council ceased to operate its Small Business Development Center in 2017.
The JSDC withheld $16,141 in the 2018 annual dues of $35,869 charged by the Regional Council, saying that portion of the dues represented funds the JSDC paid to the council to offer Small Business Development services, according to Connie Ova, CEO of the JSDC.
The JSDC is currently attempting to hire someone to operate a Small Business Development service out of its offices.
The JSDC billed the Regional Council $15,000 for operating the Business Development Center but settled for $5,000 Monday as a prorated share of this year's cost. With that payment agreed to, the JSDC will then pay the Regional Council the $16,141 in dues it withheld from the council earlier.
The payment only settles the dues disagreement between the JSDC and the Regional Council for 2018 and the two groups will have to resolve future dues payments.
"Hopefully this puts this behind us," said Bob Toso, JSDC board member.
In other business, the JSDC approved Flex Pace requests for Lawn Now, a real estate agency that is expanding in Jamestown, and Heartland Heating and Cooling, a plumbing and heating contractor moving its office from Courtenay to Jamestown.
Both businesses are purchasing and remodeling businesses in Jamestown. The Flex Pace program reduces the interest on business expansion loans to 1 percent through grants form the Bank of North Dakota and a loan from the JSDC.