The establishment of a foundry required substantial investments in equipment, skilled labor, raw materials, and infrastructure. Foundries were typically located near sources of raw materials, such as iron ore, coal, and limestone, which added to the overall costs of operation. Additionally, the process of smelting, casting, and finishing metal products required specialized expertise, making it essential to hire skilled workers, further increasing the expenses.
Therefore, only individuals or entities with the necessary capital and financial backing could afford to venture into the foundry business in colonial times.