Quiet Tourist Town Bringing Gun Factory to Boost Economy

Harley Park – Boonville, MO. Photo by: robertstinnett.

Boonville is a quiet Missouri River community in Missouri filled with Civil War history and the expected delights of a small town. Yet the residents are willing to risk the loss of that special atmosphere, along with the possible loss of some tourist dollars, in order to bring to town a gun-manufacturing plant. The city is trying to turn around the ten-year-old decline in manufacturing jobs in the area.

The town is just off of route 70 in the center of the state and his highly Republican in flavor, which does not flinch at the idea of the production of AK-15 semi-automatic rifles within its borders. Residents who insist that the factory will hurt tourism are a loud, but only barely influential minority. The city is seriously considering bestowing on CMMG a $200,000 forgivable loan to move about 50 jobs from Fayette, about 15 miles northeast.
Director of Boonville Economic Development, Jim Gann said that the town is continuing to support the move of CMMG into town.

“Manufacturing jobs in a rural community are difficult to come by,” Gann said.

About James Cannon

James Cannon is an experienced hedge fund analyst. He has served on the advisory boards for various different Fortune 500 companies as well as serving as an adjunct professor of finance. James Cannon has written for a variety of Financial Magazines both on and off line. Contact James at james[at]businessdistrict.com