Reed's expansion good for area
Monday, October 19, 2009
While reports of business shutdowns and job losses remain pervasive in the current economy, it must be remembered that not all news is bad.
Reed's Metals on Friday confirmed plans for its third expansion in three years. The $1.6 million venture will add 32,000 square feet of production space and mean the addition of 15 employees for the company.
Company employment plans should have at least a small positive effect on local jobless rate numbers that appear to already be improving. Totals released last month showed Lincoln County with a jobless rate of 9.5 percent in August, a 1.4-point drop from July and the second-lowest rate in the area.
We are hopeful that more positive business activities and jobless rate reports lie ahead to help part the ominous economic clouds that continue to lie on the horizon.
