KIA launches Plant in West Point Georgia

The textile industries packed up and left West Point Georgia years ago, and what was once a bustling factory town quickly became a ghost town. 

That is until today, as the first SUV’s rolled off the factory line from Kia’s new plant.  The new Korean automaker’s factory has already hired its first 1,200 employees, and is currently in the process of hiring the second round of 1,200.  All in all, the plant is expected to hire over 3600 employees, and is predicted to attract another 7,500 employees from supplier companies.  With that, the economic boost that the Kia factory is expected to give to the local town of West Point is $6.5 billion by the year 2012.

Entrepreneurs have started to capitalize on this fresh economic opportunity as new restaurants serving exotic cuisines have already opened in West Point including sushi and Korean food.  What does this mean for the merchant cash advance industry?  Only good news, as retail stores and restaurants could highly benefit from the quick cash influx that is generated by a merchant cash advance.   These locations will need to expand and remodel fast to compete in the aggressive market, and direct private lending may be the only solution as banks are continuing to tighten up their credit lines.

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