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JLDC board approves referral to city council for larger loan request from Monroe Moore to buy equipment and expand services
Summary
Monroe Moore presented a loan request for equipment and working capital — including a gutter machine, spray‑foam rig and dump truck — and the JLDC voted to advance the request to city council for required secondary approval because the requested total exceeds $100,000.
The Jamestown Local Development Corporation on a board vote approved forwarding a loan request from Monroe Moore (presented at the meeting) to the Jamestown City Council for secondary approval, as required for loans above $100,000.
Monroe Moore representatives described recent growth and an equipment plan intended to expand services, reduce subcontracting costs and speed project timelines. "We just finalized our 2024 taxes and our statement shows a $235,000 income," a company representative said. The presenter said average revenue runs "between $650,000 to $700,000 per quarter." The company asked JLDC funding to acquire…
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