The Greater Jamestown Zone Capital Corporation is looking toward the future of its organization with plans to return to providing loans to businesses, advertising these loans, and the recent appointment of a new legal counsel.

The Zone Capital Corporation provides specific types of loans, including loans for up to $50,000 for real estate acquisition and improvements, business acquisition, equipment acquisition, leasehold improvements, and working capital. City Economic Development Coordinator Aili Makuch told the Post-Journal that the current goal is to get more advertising about these loans out to people, as the organization had had to take a pause on giving out loans and recently were ready to start doing that again.

“It is a revolving loan fund, meaning the money used to provide loans comes from the repayments of loans already given out,” Makuch said. “Funds are expended faster than they are repaid, so the organization takes a break from loaning out funds to let the repayments build up again. The amount we have is now big enough to begin giving out loans again.”

Advertising wise, two flyers and a short video have been prepared to go on social media so far, and they will be posted and shared with lending institutions, community partners, and realtors, as well as the municipalities where they can be used.

Besides loans and advertising, another item of business for the GJZCC is the appointment of their new legal counsel, Andrew Goodell, following the retirement of Michael Goldman Esq. who Makuch said retired in September 2025 after being the legal counsel since the organization began.

“Andrew was suggested as a replacement in the last meeting in September, and he agreed to join us,” Makuch said. “He is a partner at his law firm, is local to the area, and he will be responsible for ensuring compliance of the board and handling paperwork pertaining to the loans.”

Bringing all of these items together, Makuch said, the future for the GJZCC is focused on getting back into giving loans out into businesses that are in need of their specific funding.