A company that manufactures fabricated foam cushions and foam and fiber padding to be used in upholstered furniture, CE FoamSolutions, is expanding its production center in Burke County, North Carolina. The company plans to create 20 new jobs and invest $98,000 over the next three years in Valdese.
The company currently serves customers in North Carolina and Virginia, but could expand in other parts of the southeast as business grows. CE FoamSolutions currently employs 17 at its Valdese plant, state economic development officials said.
“CE FoamSolutions is poised for growth in western North Carolina, as a key supplier of furniture components in an industry experiencing a resurgence due to recent ‘re-shoring’ in furniture manufacturing,” said Quez Little, CFO of CE FoamSolutions. “The grant from the One North Carolina Fund will enable us to upgrade our equipment and systems to be more competitive, not only for new business, but also in recruiting technically skilled workers.”
The project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $20,000. 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.
“It is great to see one of our existing industries expanding its operations in North Carolina,” said Governor Pat McCrory. “CE FoamSolutions is tied to one of our traditional industries here, and the market is growing not only in our state, but the region, increasing the demand for these materials made in Valdese.”
“North Carolina’s western region continues to see growth among existing employers,” said North Carolina Commerce Secretary Sharon Decker. “And the next time you buy upholstered furniture, your comfy seat may be thanks to the foam cushions made right here in North Carolina!”
Other partners that helped with this project include: the N.C. Department of Commerce, N.C. Community Colleges, Western Piedmont Community College, Burke Development, Inc., Burke County and the Town of Valdese.