Ranger Scientific Eyes Montgomery, West Virginia, for Munitions Factory
10/13/2020
The United States Department of Agriculture offered the company its Business and Industry Guaranteed Loan to help start up the new manufacturing facility. The loan will be used to fund the company’s acquisition of the old Montgomery High School building and along with an infusion of working capital, help pay for renovations, machinery and equipment.
“This last year alone, we invested $462 million in West Virginia, and in communities just like this,” USDA Rural Development State Director Kris Warner told West Virginia Tv state WSAZ. “To be eligible for any of our loans or grants, you have to be outside of the Charleston metropolitan area. We have 49 different programs that we can administer to help build healthy strong communities.”
“Our plan is to employ as many local people as we can,” Ranger Scientific CEO Daniel Pearlson said. “In fact, part of our process is to commence training to bring people up to where we can rely on them for all operations. Over the next five years, there will be manufacturing jobs, approximately 400.”
Project Announcements
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Republic Airways Holdings Plans Tuskegee, Alabama, Training Operations
04/18/2024
South Africa-Based Radel Plans Winston-Salem, North Carolina, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024