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Commission approves downtown property‑tax exemption for software firm
Summary
The commission approved a property‑tax exemption for a software company relocating to downtown Fargo; staff said the project will create local, high‑paying jobs and the EDC recommended approval.
The commission approved a property‑tax exemption for a software company planning to move into the 14th floor of the Radisson building in downtown Fargo. City staff said the firm (presented as Nedjax/Nedjax Software by its founder) relocated to Fargo after COVID, is expanding and projects to add roughly two local employees per year over the next five years with an average salary in the low‑to‑mid‑$80,000 range.
Jim Gilmore and Ryan Oshime of the Economic Development Commission explained the application and noted the academic development incentive committee recommended approval with a high score under the city’s criteria. Jamie Evenson, the company's founder and CEO, said most revenue comes from out‑of‑state customers and the firm expects better collaboration by co‑locating employees in Fargo.
Commissioners asked about enforcement and clawback language; Gilmore and staff said the city is updating business incentive agreements to include annual reporting and potential clawbacks if jobs or growth targets are not met. The commission approved the exemption on a roll call vote; one commissioner recorded a no vote.
