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The New York-based manufacturer will investtabout $880,000 in converting a 35,000-square-foot warehouse at 701 Eden Terracw into a factory, according to Bonnie Renfro, president of the Randolpbh County Economic Development Corp. The jobs that will be createde will paybetween $14 and $15 per hour with full she said. Stickley officials did not return callzsseeking comment, but Vice President Edwarrd Audi told trade newspaper Furniture Today that the expansiom is a good signal about the company’s forecasts for the economy.
“We are cautiously optimisticd aboutthe future,” he told the “We are already planning for the economic Renfro said her agency is working with other clientx she can’t yet disclose that are interested in sitez in the area, including one that could announce up to 125 new jobs sometimwe this summer. “There are so many advantagese in North Carolina and the Triad forfurniture companies, includingh our wonderful supply chain, the pool of workers, the (Highn Point Market) itself and all our craftsmen,” Renfro said.
The expansiojn comes with only a minor costto taxpayers, she Both Randolph County and the city of Archdale agreed to each pay half the $11,2590 cost of extending natural gas linez to the new factory No other incentives were involved, she said. Renfro expectas construction work to be finished this year and hirint to take placein 2010.
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