Diamond Cuts LB 840 Application Approved

The funding request for Diamond Cuts was approved by the City Council during Monday night’s meeting. Once operational, Diamond Cuts will be a personal care, service-based business specializing in hair styling, hair care products, and will feature tanning bed services. The business, owned by Lana and Joel Jakubowski, will be located at 616 Howard Ave, the former “Family Fitness” location.

The approved request consists of a $31,500 low interest loan, which will be used as leveraged funds in an overall financing package partnered through St Paul Bank and the economic development program of the City of St Paul.

The economic development program and funding, authorized by St Paul's passage of LB 840 in 2000, consists of a 1% sales tax placed on eligible goods and services purchased within the city limits of St Paul. The economic development program is administered by the St Paul Development Corporation. For more information contact Mike.