Loan approved for industrial expansion

WILSON

There’s been so much depressing job-related news surrounding Warren County, I’m pleased to announce Morrison Tool & Fab has officially closed on a low-interest loan for its $3.5 million expansion. The company, owned by Ron Wilson, has been one of the few local employers to steadily increase its workforce in recent years.

The Tennessee Department of Economic and Community Development has partnered with other state, federal, and local agencies to fund this major expansion.

The new 102,000-square-foot industrial building will provide some 100 new jobs. That’s right, I said 100 news jobs (applause, please).

It takes significant work to complete a Community Development Block Grant low-interest loan. In addition to funds provided by the CDBG program, money will also be provided by the FastTrack Infrastructure Development Program, rural development funds administered by Caney Fork Electric, TVA, and Cumberland Area Investment Corp.

The Upper Cumberland Development District helped Warren County and Morrison Tool & Fab with the applications for this expansion.

“Our goal for this project is to promote economic and community growth for Warren County by providing gainful employment for its residents,” said Wendy Askins of the Upper Cumberland Development District.