Posted February 18, 2018 09:53:47 The Missouri nail plants in the city of Ketchum are now on the hook for $8.7 million to cover a potential $2.4 million loss from the March 4, 2017, hurricane.
The nail plant in Ketchup is one of many in the state hit hard by the storm.
It had to hire out some of its plants to get food and supplies to people who needed them.
Ketchmilt plant owner Tim Lomax says he has seen a lot of work go down the drain.
“It’s hard to say if the other plants that have gone down are going to come back and be able to get back to work or if they’re going to need some kind of help,” Lomauck said.
He’s hoping that a federal judge will decide soon if the federal government can fund his plant to help cover its next year’s damages.
But for now, he is going through a very slow recovery.
“I’ve been here for about 10 years and it’s just hard,” he said.
“When we have this kind of economic hardship, you can’t just put people to sleep.”
Lomaux says he wants the federal money to cover the loss from hurricane Florence, but it’s not enough.
“We need more money, and we’re going into the year with less money,” he says.
Lomaks attorney is not sure how much the plant will need.
Llamax says the company is in the midst of paying for all its plants, but has no way of knowing how much that will cost.
It could cost as much as $5 million, and even that amount may not be enough to cover all of the damages.
If the plant is unable to pay the settlement, the lawsuit will go to the judge.
Lomañez says he’s happy to do what he can to help the nail plants and the other businesses that rely on the plants.
He hopes the judge will find that the federal funding is enough to help him and his plant through the next year.