High Point Furniture Market Facing Cuts

March 21, 2013  by in UnCategorized   

By Aggregated Content in High Point on March 22, 2013 from http://www.news-record.com/home/945194-63/high-point-furniture-market-facing

Gov. Pat McCrory's budget recommends a 50 percent state funding cut for the High Point Market, but not until mid-2014.

The proposal gives the furniture market time to raise money from other places. The market would take relatively small state cuts later this year, with the one-half reduction kicking in during the summer of 2014, under McCrory's plan.

"That would really hurt it very, very dramatically," said Tom Conley, president and CEO of the market. 

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