Frontier Spinning Mills is investing $15.5 million and adding 45 new jobs at its facility in Sanford, North Carolina. The investment will allow the company to add advanced machinery to the site.
"Having our headquarters here certainly factored into the decision, but that was just one consideration," said John Maness, executive vice president at Frontier. "We looked carefully for places where we could find everything necessary to make this work."
The Lee County Economic Development Corporation is extending incentives as a percentage of additional paid off resulting from the new investment to Frontier. The agreement will last for five years, and incentives are returned only after the company pays its full tax bill and meets other terms.
Frontier manufactures yarns for the knitting and weaving industries. It also has facilities in Georgia and Alabama.