LAKE AGASSIZ EMPOWERMENT ZONE, NORTH DAKOTA

A. Zone Vital Statistics:

1. Counties: Steele (9687), Griggs (9685)
2. Community Population: 3,966
3. Outmigration: 26% for Steele Co. and 17.2% for Griggs Co., which has one tract
4. Net Land Area: 823 square miles
5. Congressional Representative: Earl Pomeroy

B. Number of Jobs Created or Retained: 3,800

C. Proposed Leveraged Amount: $275 million

D. Key Business Partners:

This is a select list of key business partners and their committed contributions as documented in the plan.

1. $1,000,000 loan pool to be used in coordination with the proposed Revolving Loan Fund
• First State Bank of Sharon
• First Bank of Hope
• The Citizens State Bank of Finley
• Community First State Bank, Cooperstown
• Security State Bank of ND, Cooperstown and Hannaford

2. Construction of Hannaford Grain Terminal: $2,200,000 from Farmers Elevator Company of Cooperstown

3. Office building expansion: Sheyanne Tooling and Mfg.

E. List of Other Key Partners

• Cooperstown Industrial Development Corporation
• Griggs Cooperstown Economic Development Corporation
• Hannaford Economic Development Corporation
• Finley Economic Development Corporation
• Hope Economic Development Corporation
• Steele County Job Development Authority
• Griggs County 319 Office
• Finley-Sharon School District Number 19
• Griggs County Central School District Number 18

Content Archived: January 20, 2009