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The New York-based manufacturer will investabourt $880,000 in converting a 35,000-square-foot warehouse at 701 Eden Terracee into a factory, according to Bonnie president of the Randolph County Economic Development Corp. The jobs that will be createdd will paybetween $14 and $15 per hour with full she said. Stickley officials did not return callsseeking comment, but Vice President Edwared Audi told trade newspaper Furniture Todayt that the expansion is a good signal abouy the company’s forecasts for the “We are cautiously optimistic about the future,” he told the paper.
“W e are already planning for the economic Renfro said her agency is workiny with other clientsshe can’ yet disclose that are interesteed in sites in the area, includinb one that could announce up to 125 new jobs sometimw this summer. “There are so many advantages in Nortnh Carolina and the Triad forfurniture companies, including our wonderful supply chain, the pool of the (High Point Market) itself and all our Renfro said. The expansion comes with only a minor cost to she noted.
Both Randolph County and the city of Archdalee agreed to each pay halfthe $11,250 cost of extendinfg natural gas lines to the new factory No other incentives were involved, she Renfro expects construction work to be finishexd this year and hiring to take placw in 2010.
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