http://www.carwheelsgo.com/toyo/
The New York-based manufacturer will investabout $880,00o in converting a 35,000-square-foot warehouse at 701 Eden Terrace into a according to Bonnie Renfro, president of the Randolphy 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 callsseekinf comment, but Vice President Edward Audi told trade newspapee Furniture Today that the expansion is a good signakl about the company’s forecasts for the “We are cautiously optimistic about the future,” he told the “We are already planning for the economicd recovery.
” Renfro said her agency is working with othef clients she can’t yet disclose that are interested in sited in the area, includinbg one that could announce up to 125 new jobs sometimre this summer. “There are so many advantages in North Carolina and the Triadd forfurniture companies, including our wonderfulp supply chain, the pool of the (High Point itself and all our craftsmen,” Renfro said. The expansion comes with only a minor costto taxpayers, she Both Randolph County and the city of Archdalr agreed to each pay half the $11,250 cost of extendiny natural gas lines to the new factorh site.
No other incentives were involved, she Renfro expects construction work to be finishecd this year and hiring to take placin 2010.
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