Job Development Authority
The Divide County Board of County Commissioners has created a Job Development Authority within the guidelines of North Dakota Century Code Section 11-11.1 The job development authority shall use its financial and other resources to encourage and assist in the development of employment and promotion of tourism within the county or counties. In fulfilling this objective, the authority may:
- Make and execute contracts and other instruments necessary or convenient to the exercise of the powers of the authority.
- Hire professional personnel skilled in seeking and promoting new or expanded opportunities within the county or counties.
- Acquire by gift, trade, or purchase, and to hold, improve, and dispose of property.
- Certify a tax levy as provided in section 11-11.1-04 and to expend moneys raised by the tax for the purposes provided in this chapter. A job development authority may accept and expend moneys from any other source.
- Invest any funds held by the authority.
- Cooperate with political subdivisions in exercising any of the powers granted by Section 11-11.1 including enabling agreements permitted under chapter 54-40.
- Loan, grant, or convey any funds or other property held by the authority for any purpose necessary or convenient to carry into effect the objective of the authority.
- Use existing uncommitted funds held by the authority to guarantee loans or make other financial commitments to enhance economic development.
- Take equity positions in, provide loans to, or use other innovative financing mechanisms to provide capital for new or expanding businesses.