enterprises to stimulate local economies , the trust has started to build a diverse , robust and self-sustaining economic revival of the entire region .
Montgomery Mayor Greg Ingram is excited about the investments Pearlson and Ranger Scientific are making in his city .
“ Dan has a passion to rebuild the Upper Kanawha Valley and to be a good steward of the community ,” says Ingram . “ What he has going on is going to revitalize the entire Upper Kanawha Valley , not just Montgomery . This is evident in his business model and in his philanthropy . What we have found ourselves doing in West Virginia is transferring assets rather than creating assets . Ranger Scientific is coming in and creating assets and creating jobs for West Virginians . My hat is off to them . We are excited here in Montgomery to get it up and running and see all the good things their team plans to do . I think this will create a model for other communities in our state to follow : stop transferring wealth and start creating it .”
Changing the Game
While it has been a long road paved with obstacles , Ranger Scientific is well on its way to becoming an icon in the Kanawha Valley . As one of the largest private manufacturing startups in the state ’ s history with nearly $ 20 million already invested , the company officially broke ground in June 2021 , five years and one day after it was first announced to the public . Initial production is scheduled to start in October of this year .
“ The Wolf Pack facility in Montgomery will be Ranger ’ s first operational factory floor , but at only 30,000 square feet , it is far too small to meet long-term production demands ,” says Pearlson . “ There is insufficient space to perform all the operations necessary to ship retail product , so in the interim , packaging and shipping to distribution will be contracted to another West Virginia company . At the same time , new construction at the Black Bear campus on Ranger Mountain will contain the company ’ s initial propellant magazines . Over the next three years , the company intends to spend another $ 27 million to build its 130,000-square-foot primary manufacturing and automated storage facilities on 40 of its 169 acres of industrial space in the Quincy area .”
Ryan anticipates that in addition to approximately 400 direct jobs , related indirect jobs will put the company ’ s impact at closer to 1,200 jobs created .
“ It is really good news if you can bring in 10 new manufacturing jobs . It is tremendous news if you can bring in 30 , and if you can bring between 150 and 400 , it is an absolutely phenomenal success ,” says Carper .
The potential economic impact of Ranger Scientific has been calculated to be approximately $ 1.2 billion over 10 years . The company anticipates it will have a payroll of approximately $ 22 million . Its employee compensation package is about twice the per capita median income in Fayette County .
“ We intend to contribute to an outstanding standard of living ,” says Pearlson . “ As part of the compensation package , Ranger will provide fully paid medical coverage for all of its employees and 50 % of the cost of family coverage . Together with other benefits that include paid parental leave for both
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