Stonehenge Capital and Chase announced an investment in the new Williams Sausage Company factory in Union City, which began construction in July. Bringing more than 200 new jobs to the area, the project was financed through federal New Markets Tax Credits, which are designed to encourage private capital investment, create jobs and catalyze additional economic activity in communities that are underserved by traditional sources of capital.
Founded by a Tennessee family in 1958, the Williams Sausage Company has grown from selling sausages in cloth bags out of a truck to offering link sausages, sausage patties and microwaveable breakfast sandwiches in more than 4,000 retail outlets across 20 states. With assistance from HWH Group, a site selection and incentives consulting firm, Williams is constructing a new 200,000-square-foot production facility, distribution center, truck maintenance shop and corporate office in Union City. The New Markets Tax Credit investment will allow Williams to purchase equipment needed to introduce a new breakfast sausage line and expand into new markets.