Bowlmor wins funding
FAIRMONT — The Fairmont Economic Development Authority has unanimously approved a $15,000 loan for Bowlmor Lanes to update its 25-year-old scoring system.
The system will include new television screens above the lanes. Cost of the project is almost $89,000.
Linsey Preuss, Fairmont economic development coordinator, said Dave Pedersen, owner of the Bowlmor, has utilized FEDA’s revolving loan fund on two occasions in the past for improvements to the business and has never missed or been late with a payment. She noted that the project will not create any new jobs but will update equipment at one of the few remaining bowling alleys in the area.
The loan of $15,222.81 will be on a 10-year term with a seven-year balloon at 4 percent interest.
In other business, Preuss reported she has been working with Ned Koppen, president of the Fairmont Area Chamber of Commerce, to create an informational pamphlet to be inserted in the Fairmont homecoming football game programs. The insert will contain information about in-demand jobs and wage information.
FEDA members heard an update about analytics from Golden Shovel Agency, the Fergus Falls company that designed and manages the city’s economic development website, www.fedamn.com. The latest quarterly report from Golden Shovel showed 774 users of the website, including 671 new users from throughout the United States as well as several foreign countries.