Most Of City’s JLDC Loans Paying Off
Most of the Jamestown Local Development Corporation’s active loans are paying off. Aili Makuch, city economic development coordinator, recently updated the status of the active loans for JLDC board member. Makuch began by presenting on the JLDC’s oldest active loan to Labyrinth Press Company and Brazil. Makuch said the loan was to purchase the building that the business was in, which they were originally leasing. “They combined funding from JLDC, Greater Jamestown Zone Capital Corporation and Western Region Commission and some of their own private investment to purchase that ...