A company that manufactures, sells and distributes yarn, CS Carolina, Inc. will invest $7.3 million to relocate and expand its operations from Swepsonville to Burlington, North Carolina, with plans to create 22 new jobs over the next three years in Alamance County.
“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.”
“It’s crucial that we continue to create an environment where our existing businesses can expand,” said Governor Pat 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.”
“Textile manufacturing is a rich part of North Carolina’s history,” said Commerce Secretary Sharon Decker. “It is great to see this yarn manufacturer build upon its presence in the Piedmont and double its workforce in Alamance County.”
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.
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.