New positions include managers, operators, technicians, and sales personnel. Salaries will vary for each position. However, the overall expected average annual salary is $67,918. Forsyth County’s average annual wage is $57,351. These new jobs have the potential to create an annual payroll impact of more than $3.3 million for the region, Tex-Tech said in a press release.
A performance-based grant of $125,000 from the One North Carolina Fund will help with Tex-Tech’s expansion. The One NC Fund provides financial assistance to local governments to help attract economic investment and create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One NC grants require matching participation from local governments and any award is contingent upon that condition being met.
Headquartered in Kernersville, North Carolina, Tex-Tech serves the aerospace, automotive, defence, medical, and protective apparel industries. The company also aims to increase its manufacturing operations with a new 170,000-square-foot building.
“Expanding in Forsyth County was the best decision for our company,” said Kelly Moore, chief financial officer of Tex-Tech Industries. “Being centrally located on the East Coast and having access to a growing advanced manufacturing talent pool were some of the differentiating factors for our decision to grow here.”
“It’s no surprise that Tex-Tech continues to see the value of doing business in our state,” said NC commerce secretary Machelle Baker Sanders. “North Carolina’s reputation for textile research and development woven with the largest nonwovens workforce in the nation and strong textile supply chain, make our state a great choice for Tex-Tech’s expansion.”
Fibre2Fashion News Desk (NB)