HIGH POINT, N.C. January 20, 2014 - (WXII12) A furniture company has announced plans to open a facility in High Point and employ 113 people over the next five years.
BuzziSpace, based in Belgium, will open its North American manufacturing headquarters in the former Picket Cotton Mill at 1200 Redding Dr. in south High Point, Gov. Pat McCrory announced Wednesday morning.
The company will invest $1.75 million to renovate the 100-year-old facility over the next five years. The plant has 105,000 square feet of space.
The jobs will pay on average $45,000 a year plus benefits. Average pay in Guilford County is $43,300 a year.
The state approved up to $100,000 in incentives from the One North Carolina Fund. The company must create at least 50 jobs within three years to receive the grant money.
In September, High Point City Council approved up to $162,000 in economic incentives for the project, newsgathering partner the High Point Enterprise reported. Guilford County Commissioners approved up to $113,000 in incentives in October.
BuzziSpace also considered two out-of-state locations for the project, the Enterprise reported.
BuzziSpace makes furniture and acoustical treatments for businesses. McCrory said he would like to use the company for renovations to some state office buildings.
South High Point has several vacant plants after a series of closures over the years. State and local leaders believe BuzziSpace's move may start a revitalization of the area.
More information on the company can be found at buzzispace.com.