Scott City industrial authority considers $3 million loan to wire company

Scott City's Industrial Development Authority will hold a public hearing regarding a proposal to loan $3 million to Mid-South Wire Company.

All interested persons may attend the hearing at 2 p.m. May 11 at the city hall on 618 Main St. in Scott City.

The proceeds of the bonds will be used to pay the costs of acquiring, renovating and equipping the near 100,000-square-foot facility at 503 Main St. in Scott City to be used for the manufacturing of drawing wire. Mid-South Wire Company is based in Nashville, Tenn.

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