Furniture manufacturer expanding in Archdale - The Business Journal of the Greater Triad Area:

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The New York-based manufacturer will investabouyt $880,000 in converting a 35,000-square-foot warehouses at 701 Eden Terrace into a factory, accordingt to Bonnie Renfro, presideng of the Randolph County Economic Development The jobs that will be created will pay betweebn $14 and $15 per hour with full benefits, she Stickley officials did not return calls seeking but Vice President Edward Audi told tradd newspaper Furniture Today that the expansion is a good signal abou t the company’s forecasts for the economy. “We are cautiouslyt optimistic aboutthe future,” he told the paper. “Wse are already planning for theeconomic recovery.
” Renfro said her agenct is working with other clients she can’ft yet disclose that are interested in sites in the area, including one that coul d announce up to 125 new jobs sometime this “There are so many advantages in North Carolina and the Triad for furniture including our wonderful supply chain, the pool of the (High Point itself and all our Renfro said. The expansion comes with only a minor cost to she noted. Both Randolph County and the city of Archdals agreed to each pay halfthe $11,25 0 cost of extending natural gas linezs to the new factory site. No othefr incentives were involved, she said.
Renfro expects construction work to be finished this year and hiring to take place in 2010.