City Council will consider JOBZ proposal
North Central Door LLC, a 40-year-old Bemidji manufacturer of garage doors, will move into the Bemidji Industrial Park this summer.
The company is seeking Industrial Development Revenue Bonds and Job Opportunity Building Zone status. The Bemidji City Council will meet at 7 p.m. Monday in Council Chambers at City Hall, 317 Fourth St. N.W. Public hearings and action on the City Council's Business Subsidy Agreement with North Central Door and the JOBZ application are on the agenda.
The site of North Central Door's new facility is in a previously established area designated for JOBZ. If the City Council approves the Business Subsidy Agreement, North Central Door will be eligible for tax exemptions, job credits and Industrial Development Revenue Bonds.
Larry Young, executive director of the Joint Economic Development Commission, cited factors the City Council should consider in the case.
-- How wages compare to the regional industrial average.
-- Number of jobs.
-- Economic outlook for the industry.
-- Sales generated outside Minnesota.
-- How the business will build on existing regional strengths or diversify the regional economy.
-- How the business will increase capital investment in the zone.
-- Need to extend utilities into unserviced areas.
-- Consistency with the Bemidji Comprehensive Plan.
-- Quality construction and highest and best use of the land.
-- Promoting major public improvement projects.
-- The project will not proceed in the present design and timetables without the business subsidy.
-- The business will agree to operate under the conditions of the subsidy for five years beyond the last benefit year.
Young's memo noted that moving North Central Door out of the Southeast Lake Bemidji area is important for the future redevelopment of the area.
Young, city staff and representatives of North Central Door will be available at the City Council meeting to address questions about the issue under consideration.