NC: CS Carolina Investing $7.3M, Doubling its Workforce in Alamance County
25 Aug, 2014
Governor Pat McCrory and N.C. Commerce Secretary Sharon Decker announced CS Carolina, Inc. is expanding operations in Alamance County. The company plans to create 22 new jobs and invest $7.3 million over the next three years in Burlington.
“It’s crucial that we continue to create an environment where our existing businesses can expand,” said Governor McCrory. “North Carolina’s manufacturing workforce help companies like CS Carolina grow. We welcome these new jobs to Alamance County and look forward to CS Carolina’s contribution to continuing our state’s long history in textile manufacturing.”
CS Carolina, Inc. manufacturers, sells and distributes yarn. CS Carolina employs 27 workers in Alamance County. As part of its expansion, the company will relocate its plant from Swepsonville to Burlington, retaining those jobs and adding to the workforce. The need for a larger building was the catalyst for the company’s expansion.
Textile manufacturing is a rich part of North Carolina’s history,” said Secretary Decker. “It is great to see this yarn manufacturer build upon its presence in the Piedmont and double its workforce in Alamance County.”
Salaries will vary by job function, but the annual payroll for the new jobs will be $772,200.
“We believe in the revival of the textile industry in North Carolina,” said In Tae Joo, president of CS Carolina. “We are excited to help lead the way with our investments in the latest technology and our new expansion.”
The project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $80,000. The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. Companies receive no money up front and must meet job creation and investment performance standards to qualify for grant funds. These grants also require and are contingent upon local matches.
“Over the years CS Carolina, Inc. has been an outstanding corporate citizen and employer in Alamance County,” said Senator Rick Gunn. “I applaud their decision to add these new jobs to their workforce here and help grow the economy in Alamance County.”
“New jobs are always good news in Alamance County,” said Representative Dennis Riddell. “By adding these new jobs CS Carolina is demonstrating its continued confidence in North Carolina and Alamance County as a great location for business.”
“This is great news for Alamance County, we will continue to strive to make Alamance County a family and business friendly place and I’m glad to see that companies are starting to notice our county,” said Representative Stephen Ross. “These additional jobs show North Carolina is continuing its economic comeback.”
Other partners that helped with this project include: the N.C. Department of Commerce, N.C. Community Colleges, Alamance County Community College, Alamance County Area Chamber of Commerce, Alamance County, the City of Burlington and N.C. Ports.