Daily News
From Home Furnishing Business
Ashley Furniture Plans 454 New Jobs in N.C.
October 13,
2015 by in Business Strategy, Industry 
Ashley Furniture Inds. plans to add 454 new jobs to its Davie County, N.C., facility during the next five years.
In addition to the new jobs, the company will invest at least $8.7 million at the current site.
The announcement in High Point today comes on the heels of the company’s initial phase of development where it committed to create 550 jobs and invest $80 million between 2012 and 2015.
Ashley exceeded these commitments by creating more than 1,100 jobs and investing more than $250 million into its new state-of-the-art furniture manufacturing and distribution facility; and related training and development activities in Advance, N.C.
“We are extremely pleased with the pro-business attitude of the State of North Carolina and the efforts of our entire team,” said Todd Wanek, president and CEO of Ashley. “It has been a challenging and fulfilling journey, and we look forward to a very bright future in North Carolina.”
An award from the state’s Job Development Investment Grant (JDIG) program to Ashley will help facilitate its expansion. Approved earlier today by the Economic Investment Committee, the reimbursements may total as much as $4.6 million from 2016 through 2027. Receipt of the award is based on verification by NC Commerce and NC Revenue that the company has met job creation and capital investment requirements. JDIGs reimburse new and expanding companies a portion of the newly created tax-base stemming from the operations with the goal of increasing the overall tax benefit to the State of North Carolina.
“America’s leading furniture manufacturer is again investing in the South’s leading manufacturing state,” said N.C. Governor Pat McCrory. “Ashley continues to be an enormously successful company, and we’re proud that it has chosen North Carolina as the place to pursue its ambitious growth plans.”