According to an AP story in the Grand Forks Herald, a proposed $350 million ethanol plant and coal-fired steam plant is getting a boost from a local economic development group. The Jamestown-Stutsman Development Corp. is investing $6 million in the effort – a $4 million grant over 3 1/2 years and the purchase of $2 million in Spiritwood Energy LLC stock.
Both the Jamestown City Council and Stutsman County Commission approved the money in special meetings this week. The 100 million gallon a year ethanol plant and steam power plant is planned in Spiritwood, about 10 miles east of Jamestown.