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
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
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
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
How to Overcome NIMBYism in Data Centers
Q2 2024