Furniture company may expand in Randolph County

May. 05, 2014 @ 04:15 PM

An unidentified private company based in High Point is considering whether to open an upholstered furniture assembly and distribution plant in eastern Randolph County that could lead to 150 new jobs.

The company is seeking incentives from the Randolph County Board of Commissioners, who were scheduled to take up discussion of the project at its meeting tonight. The meeting begins at 6 p.m. at the Randolph County Historic Courthouse, 145-C Worth Street, in Asheboro.

The furniture operation would be in Rasmeur. According to information provided by the county, so-called Project June would involve an investment of $635,000 and the use of up to 500,000 square feet of industrial space during a three-year period. The jobs would pay an average wage of $16 an hour.
The unidentified company is seeking incentives from the county totaling $75,000 during the three-year period. The incentives would be performance-based, meaning the company would have to meet investment and employment benchmarks before receiving the payout.
The company is considering Ramseur, Tupelo, Mississippi and Morristown, Tennessee, for the expansion, according to county officials.
“This project represents a significant strategic shift for the company, which currently outsources all of its manufacturing to overseas facilities,” according to the county.
The project would occupy two existing buildings, “including the potential expansion of an existing company as well as leasing space at the largely vacant Ramtex facility,” the county reports.
The company is also seeking a building reuse grant from the N.C. Department of Commerce for $42,500 to defray part of the cost to upfit the Ramtex building.