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JAMESTOWN – A local developer will be opening a new business at the former Friendly’s restaurant in Jamestown.
On Tuesday the Chautauqua County Industrial Development Agency discussed plans for a new restaurant, along with considering a loan from the county’s revolving loan fund to help the operation get started.
According to the agenda on the IDA website, the loan would go to JTOWN DJF, LLC – doing business as Jimmy’s Family Restaurant. However, the name of the primary stakeholder or stakeholders involved with the LCC was not provided. According to the Post-Journal, the IDA board approved a CRLF loan for $55,000.
The Post-Journal also said that IDA director Mark Geise stated the developer has indicated a plan to rehire as many Friendly’s employees as possible, including at least one of the managers.
More details about the restaurant, including the owner’s name, will likely be revealed next week.
The Jamestown Friendly’s was closed without warning, along with 23 others in five states, earlier this year.
Why does the City or County have to loan money to entrepreneurs? Either they have a viable business plan or they don’t! We are propping ourselves with government aide.