Trending...
- North Carolina Author Carrie Sybert Celebrates Three Published Books - 117
- Nious Media Expands Independent Entertainment Network Through Gaming, Music and Digital Storytelling - 106
- Alan Hamilton of Shiver Hamilton Campbell Inducted as a Fellow of the American College of Trial Lawyers
Prepac Manufacturing Ltd., a North American manufacturer of Ready-to-Assemble (RTA) furniture will locate a new east coast furniture factory in Guilford County, creating 201 jobs, Governor Roy Cooper announced today. The company will invest $27.1 million in a new 260,000 square foot factory in Whitsett.
"Even in a pandemic, North Carolina continues to grow jobs with companies like Prepac because of our great workforce, strategic location and reliable transportation," said Governor Cooper.
Prepac Manufacturing, headquartered in Vancouver, British Columbia, has grown organically to become one of the largest producers of RTA furniture, supplying most of North America's major online retailers. With a specialization in e-commerce and direct-to-consumer distribution methods, the company's just-in-time manufacturing processes and state-of-the-art equipment help it produce a wide range of products for all areas of the home including bedroom, home office, living and dining room, utility storage and garage products. The company's new facility in North Carolina will help the company expand its markets and expedite shipments to consumers located along the entire eastern seaboard.
"When we started evaluating potential locations for our new east coast factory there were several good options for us to consider" said Jim Mathison, President of Prepac Manufacturing. "Ultimately, we chose North Carolina and specifically Guilford County due to several key factors including the availability of a highly skilled workforce, easy access to major markets, and compelling State and County resources to help ensure that this project is successful given these uncertain times." Mathison continued, "We look forward to expanding our North American Manufacturing base in Guilford County and are excited to be moving forward with this project."
More on ncarol.com
Although wages will vary depending on position, the annual payroll from the new jobs mean the state and local economy will see a positive impact of more than $9 million each year.
"North Carolina is the leading manufacturing state in the southeast United States, with nearly 20 percent of our economic output coming from this important sector," said North Carolina Commerce Secretary Anthony M. Copeland. "It's good to see innovative companies like Prepac Manufacturing choose our state for the next stage of their growth."
Prepac Manufacturing project in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state's Economic Investment Committee earlier today. Over the course of 12 years, the project is estimated to grow the state's economy by $376.3 million. Using a formula that takes into account the new tax revenues generated by the new jobs, the agreement authorizes the potential reimbursement to the company of up to $2,106,000, spread over 12 years. Payments for all JDIGs only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant's reimbursement payments to a given company.
Prepac Manufacturing's JDIG award is contingent on final approval of all local government incentives associated with the project.
More on ncarol.com
Because Prepac Manufacturing chose a site in Guilford County, classified by the state's economic tier system as Tier 2, the company's JDIG agreement also calls for moving as much as $234,000 into the state's Industrial Development Fund – Utility Account. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. Even when new jobs are created in a Tier 2 county such as Guilford, the new tax revenue generated through JDIG grants helps more economically challenged communities elsewhere in the state. More information on the state's economic tier designations is available here.
In addition to the North Carolina Department of Commerce and the Economic Development Partnership of N.C., other key partners on this project were the North Carolina General Assembly, the North Carolina Community College System, Duke Energy, Guilford Technical Community College, Guilford County, the Guilford County Workforce Development Board, the City of Greensboro, the Town of Whitsett, the High Point Economic Development Corporation, and the Greensboro Chamber of Commerce.
"Even in a pandemic, North Carolina continues to grow jobs with companies like Prepac because of our great workforce, strategic location and reliable transportation," said Governor Cooper.
Prepac Manufacturing, headquartered in Vancouver, British Columbia, has grown organically to become one of the largest producers of RTA furniture, supplying most of North America's major online retailers. With a specialization in e-commerce and direct-to-consumer distribution methods, the company's just-in-time manufacturing processes and state-of-the-art equipment help it produce a wide range of products for all areas of the home including bedroom, home office, living and dining room, utility storage and garage products. The company's new facility in North Carolina will help the company expand its markets and expedite shipments to consumers located along the entire eastern seaboard.
"When we started evaluating potential locations for our new east coast factory there were several good options for us to consider" said Jim Mathison, President of Prepac Manufacturing. "Ultimately, we chose North Carolina and specifically Guilford County due to several key factors including the availability of a highly skilled workforce, easy access to major markets, and compelling State and County resources to help ensure that this project is successful given these uncertain times." Mathison continued, "We look forward to expanding our North American Manufacturing base in Guilford County and are excited to be moving forward with this project."
More on ncarol.com
- New Atlas Maps the 38 States Behind Every Conversation
- Atlanta Company Launches Free, Ad-Free, Nonpartisan Voter Planning App for All 50 States Ahead of the Nov. 3 Election
- NECP Promotes Chertova to Senior Business Analyst
- Security Industry Veteran Anthony Rumore Launches AegisLead to Help Security Companies Find Business and Manage Growth
- Charlie Shaw and Patrick Carragher win SEO Agency of the Year 2026
Although wages will vary depending on position, the annual payroll from the new jobs mean the state and local economy will see a positive impact of more than $9 million each year.
"North Carolina is the leading manufacturing state in the southeast United States, with nearly 20 percent of our economic output coming from this important sector," said North Carolina Commerce Secretary Anthony M. Copeland. "It's good to see innovative companies like Prepac Manufacturing choose our state for the next stage of their growth."
Prepac Manufacturing project in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state's Economic Investment Committee earlier today. Over the course of 12 years, the project is estimated to grow the state's economy by $376.3 million. Using a formula that takes into account the new tax revenues generated by the new jobs, the agreement authorizes the potential reimbursement to the company of up to $2,106,000, spread over 12 years. Payments for all JDIGs only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant's reimbursement payments to a given company.
Prepac Manufacturing's JDIG award is contingent on final approval of all local government incentives associated with the project.
More on ncarol.com
- Canadian Woman Plants 1,667 Love Stories in a Field of Peonies That Could Bloom for 100 Years
- Peruvian Gold Wellness Shares Free 2026 Holiday Shopping Guide
- New Research Spotlight, Expanding TUSC2 Science & Strategic Development Milestones Put Gene Therapy Innovation into Focus for Genprex (NAS DAQ: GNPX)
- Hall of Fame Speaker Kelly Swanson Competes for National Top Host Title
- Hall of Fame Speaker Kelly Swanson Launches New Book and Brings Comedy Show to Louisburg, NC
Because Prepac Manufacturing chose a site in Guilford County, classified by the state's economic tier system as Tier 2, the company's JDIG agreement also calls for moving as much as $234,000 into the state's Industrial Development Fund – Utility Account. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. Even when new jobs are created in a Tier 2 county such as Guilford, the new tax revenue generated through JDIG grants helps more economically challenged communities elsewhere in the state. More information on the state's economic tier designations is available here.
In addition to the North Carolina Department of Commerce and the Economic Development Partnership of N.C., other key partners on this project were the North Carolina General Assembly, the North Carolina Community College System, Duke Energy, Guilford Technical Community College, Guilford County, the Guilford County Workforce Development Board, the City of Greensboro, the Town of Whitsett, the High Point Economic Development Corporation, and the Greensboro Chamber of Commerce.
0 Comments
Latest on ncarol.com
- With Oil Prices Surging…Sky Quarry's Nevada Refinery Is Back in Action — CEO Highlights a Powerful New Growth Chapter for (N A S D A Q: SKYQ)
- Preston Dermatology & Skin Surgery Center and Dr. Sheel Desai Solomon Win Gold in Raleigh's Best Awards for Second Consecutive Year
- We are Talker Study: 64% of AI Users Have Bought From a Brand AI Introduced, as The Invisible Shortlist Reshapes Brand Discovery
- One in three Americans may have lost track of retirement savings from a previous job
- Political Concerns Drive US Investors to Golden Visas
- Nious Media Expands Independent Entertainment Network Through Gaming, Music and Digital Storytelling
- Drake Turns 40 With Backstreet Boys; KayeDinero Drops "The Bounce (Elmo Mix)"
- Triangle Home Safety Offers Aging in Place Services Across Raleigh, Cary and Apex
- 2027 Health Insurance Open Enrollment
- Gahl Sasson Releases "Agents of Chaos & Angels of Change: The Astrology of 2027
- What's Beneath Your Feet?: Anti-Viral Flooring Helps Create Healthier Spaces
- Control & Co. Launches Digital Audit Readiness Toolkit for Small Businesses
- Zazie Productions Brings Experimental Sound Art to Psychological Horror Film Scoring
- Tek84 Unveils New Brand Identity Built to Magnify What Security Officers Can Do
- CoreVar Announces Cooking with AI, an Eight-Topic Live Webinar Series
- Mr Hospital Bed Cites Hill Rom Hospital Bed Models Best Value Home Care Hospital Beds 2026
- WOWX labs Closes US$10 Million Founder-Led Growth Financing as WOWX.market Enters Scale Phase
- BESTBUYSTORE opens its dropshipping model to independent merchants
- America's Hometown Thanksgiving Parade in Plymouth, MA, on Saturday, November 21, 2026
- Navigating a Changing Market: How AIX Group Is Responding to a Challenging Year