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VOL. 115 | NO. 88 | Tuesday, May 8, 2001

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Business development center opens doors in Milan Business development center opens doors in Milan American Ordnance LLC, a contractor to the U.S. Army at the Milan Army Ammunition Plant, announced Monday a business development center will open at the MLAAP in Milan, Tenn. The center will offer both fledgling entrepreneurs and established businesses seeking to expand cost effective manufacturing space, support services and management assistance at the 22,400-acre Army reservation. The program, which aims to assist local businesses, is part of the Army's Armament Retooling and Manufacturing Support Program that seeks to open available facilities and land at under-used government-owned munitions plants to private-sector business. Under the provisions of this program, the ammunition plants can find new life as commercial manufacturing centers. The Milan Business Development Center is a collaboration between American Ordnance, the Tennessee Small Business Development Centers and the Northwest Tennessee Development District. "A marketing agreement exists between AO and Pendulum Management Co. LLC to develop and add value to the MLAAP by providing manufacturing services to the Gibson/Carroll County area businesses. Opening the doors of the new BDC at the MLAAP to community businesses is part of the strategic plan for improving the economic picture at MLAAP and the surrounding area," said Rick Schweitzer, AO's manager of economic development. AO is a limited liability company made up of Day & Zimmermann and General Dynamics Ordnance Systems, and is the operating contractor at MLAAP. It has a facility use contract allowing the dual use of the government-owned facility in West Tennessee located between Nashville and Memphis. Pendulum Management Co., an asset management company headquartered in Charlestown, Ind., is dedicated to maximizing the value of government assets and technology. "The AO/PMC marketing agreement allows PMC to work with the surrounding community to bring tenants to MLAAP and to help reduce the Army's cost of operation at MLAAP," said Sid Saunders, PMCs managing partner.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 80 80 6,019
MORTGAGES 107 107 7,199
FORECLOSURE NOTICES 0 0 1,115
BUILDING PERMITS 0 0 12,591
BANKRUPTCIES 53 53 4,400
BUSINESS LICENSES 28 28 2,391
UTILITY CONNECTIONS 0 0 2,540
MARRIAGE LICENSES 37 37 1,272

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