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The New York-based manufacturer will invesftabout $880,000 in converting a 35,000-square-foot warehouse at 701 Eden Terrace into a according to Bonnie Renfro, presiden of the Randolph County Economicx Development Corp. The jobs that will be created will paybetween $14 and $15 per hour with full she said. Stickley officials did not returnm callsseeking comment, but Vice President Edward Audi told tradde newspaper Furniture Today that the expansion is a good signao about the company’s forecaste for the economy. “We are cautiously optimistic aboutthe future,” he told the paper. “W e are already planning for theeconomidc recovery.
” Renfro said her agency is working with othe r clients she can’t yet disclose that are interested in sites in the including one that could announce up to 125 new jobs sometimde this summer. “There are so many advantages in North Carolina and the Triad forfurnituree 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 minofr costto taxpayers, she noted.
Both Randolph Countyh and the city of Archdale agreed to each pay halfthe $11,25p0 cost of extending natural gas lines to the new factory No other incentives were involved, she Renfro expects construction work to be finishef this year and hiring to take place in 2010.
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