The board of the Jasper Economic Development Corporation convened on Tuesday evening and agreed to pay the cost to have three phase electrical power installed at the proposed site of a new business on the east side of town. Executive Director Eddie Hopkins said that under the plan, JEDCO would pay $8,500 to the City of Jasper to extend the power from the former pie factory on Farm to Market Road 776 to a site which formerly served as a bearing warehouse at the intersection County Road 267 which was recently acquired by Vance Manufacturing of Taft, Tennessee. According to Hopkins, Vance will soon use the location to manufacture jack plates for outboard engines used in boats of all kinds.