Supporting Business Growth Across Pembina County
Business Approved for Flex PACE Loan
At its September 8 meeting, the Pembina County Job Development Authority approved community-share participation in a Bank of North Dakota Flex PACE loan supporting a growing local businesses. As a partner in the Bank of North Dakota’s Flex PACE Program, the PCJDA provides a deferred loan that serves as the local match required for the Flex PACE interest-rate buydown. This buydown lowers the borrower’s interest rate, making financing more affordable and accessible for businesses investing in real estate, equipment, and working capital within their communities.
CRMB Holdings, LLC was approved for up to a $36,418.19 community share to purchase the Cavalier Car Spa. The purchase will add a part-time staff person to the company. The City of Cavalier is partnering with the JDA to share in the community match.
Storefront Improvement Grants Support Two Businesses
The JDA approved two Storefront Improvement Grants at its September 8 meeting. Storefront Improvement Grants provide matching funds up to $5,000 to incentivize business and property owners to improve storefront appearances and assist in reducing the cost of capital improvements. Eligible improvements include external doors, windows, awnings, canopies, permanent outdoor lighting, reconfiguration of entrances and permanent landscaping.
The Spud Pub & Grub LLC in Crystal was awarded up to $5,000 for a new exterior door, siding and an awning. Nature’s Best Berries and Blooms in Walhalla was awarded $1,781.25 for new siding and garage door on the greenhouse and repair and painting of the fascia, soffit and trim on the building.
Businesses and property owners can apply for a Storefront Improvement Grants either online or by submitting an application. Print applications can be downloaded here or by contacting Kristi Kasprick – PCJDA Executive Director at kristi@redriverrc.com or 701.361.5705.
