The city officials in Bristol, Tennessee, along with the decision-makers at Bristol Metals, should be applauded. Some positive economic news was reported in the Bristol Herald Courier on Sunday. Bristol Metals is moving forward with the $5 million dollar purchase of a 4,000-ton press that will increase their production capabilities and lead to a small, but steady, increase in employees. Bristol, Tennessee, has provided assistance in their progress by aiding them with state grants for a necessary road in and out of the Partnership Park II, tax incentives and help for training new employees. Bristol Metals referred to the city as an “ally” in their growth.
Decision-makers at Bristol Metals are certainly worthy of accolades for creating good local jobs in a difficult economic environment, and Bristol is fortunate to have this company as part of our community. According to Bloomberg, Bristol Metals produces “stainless steel, high nickel alloy, duplex, super duplex, titanium, and moly grades of welded pipes.” Founded in 1941, they conduct business around the world with almost every conceivable market, including oil and gas, food and beverage, and mining and pharmaceutical. This new piece of equipment will allow them to go from making 3/4″ pipe to the capability of producing pipe with a 2″ diameter, resulting in an immediate addition of 12-14 jobs with a steady increase up to 40 jobs in three years. They have already allocated 22 positions for certain. These are presumably good jobs, hopefully with benefits.
Bristol, Tennessee, leaders have made a wise and prudent move in assisting a manufacturing facility to grow. While the exact details of any financial investment on the part of the city are not known, it appears that most of the assistance has come from state grants that the city has utilized. This company was facing major lay-offs in 2009, and has battled their way in a dismal economy to not only sustain but increase their presence. Partnership Park II, the industrial park where Bristol Metals is located, will hopefully attract more stable business entities after the improvements are made, bringing even more return on the city’s efforts.
So much of the energy of both sides of Bristol has been directed toward Exit 7, Downtown Bristol, The Pinnacle and The Falls. Everyone in the area is enjoying the shopping and dining experiences that these projects represent. (Have you been to Downtown Bristol lately?) However, Bristol, Tennessee, and Bristol Metals have showed us how it should be done if we want to bring real jobs to the area that allow residents to have a lifestyle that enables them to enjoy the shopping and dining experiences!