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In Ashley we have three separate community organizations that provide for various economic and community development projects along with our County Bank and Community Credit Union. These include our JDA, Opportunities, INC., and Ashley Lions Group. Through the efforts of all of these organizations and our local city government, along with the help of our regional council, the North Dakota Economic Development and Finance office and the USDA Rural Development department, we have been fortunate in having been successful in bringing funds into the community to help our economic development efforts.
· The local sources feel that there would be a grant of up to $5000.00 and a no interest loan of up to $5000.00 to help with initial expenses and then other funding sources would be secured to ensure the viability and sustainability of this company in Ashley. The community currently has very reasonable lease options available and the local community and financial organizations are willing to provide additional incentives if Ashley is chosen as a potential site, such as low interest loans additional grants from community organizations and technical assistance for development of business, and more.
· Our low individual income tax rates are competitive with other states that have an income tax. The rates—ranging from 1.84% to 4.86%—are applied to federal taxable income plus or minus certain state adjustments.
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