Mayodan, NC - The gun manufacturer Sturm, Ruger and Company has selected Mayodan as its "preferred" site to locate a new plant.
The company made the announcement Monday on their website.
READ: Sturm, Ruger & Company, Inc. Announces Plans to Open Facility in Mayodan
Ruger made a filing with the Securities and Exchange Commission to notify them of this pending project.
"Ruger is a publicly traded company and any major steps that a publically traded company does need to be reported so stockholders and potential shareholders are notified," explained Graham Pervier, President, Rockingham County Partnership for Economic and Tourism Development.
Pervier has been working with the arms manufacturer for several months and says if the deal goes through, Ruger could bring as many as 500 jobs to the Triad.
But that's just the beginning.
Other industries might come to town if Ruger does. Experts say steel or wooden stock companies could relocate to provide materials for the plant.
does it just provide those jobs, but then the spin-off jobs from
companies that want to locate near Ruger, companies that are just
interested in coming to town now because there is a name
attached to it," explained Mayodan Town Manager, Michael Brandt.
He says the plant could bring more business to the downtown area, too.
"It really does affect the whole economy across the board," added Brandt.
"We always think with manufacturing jobs there is at least a 2 to 1 ratio of two new jobs that will ultimately be created in the general area for each new manufacturing job," explained Pervier.
Ruger has been eyeing Rockingham County for the past several months.
READ: Gun Manufacturer Looking Into Rockingham County Facility
For now, Mayodan is their "preferred" site. Nothing is official but people working close to this deal are confident.
"All the pieces are positive," said Pervier. "I don't see any negatives. I'll just be looking forward to some kind of ribbon cutting and big celebration over there."
"The opportunities that it opens is something that only comes around every once in a lifetime maybe so we're really looking forward to hosting them," said Brandt.
Pervier believes the company selected Mayodan as it's preferred site because North Carolina is a right-to-work state and has friendly gun laws.
"What we've understood is that the building fit their profile. The county fit their profile for a workforce that was available and not only that, they are coming from New Hampshire which is a lot of small towns, and when the corporate folks from their company came down here, and saw the small towns, they really liked Mayodan," added Brandt.
Public hearings about proposed local incentives will be scheduled for August.
A final decision on the plant could come in about 45 days.
WFMY News 2