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Randolph County Projects Awarded NC Commerce Grants totaling $290,000
December 11, 2020
Randolph County Projects Awarded NC Commerce Grants totaling $290,000
Asheboro, NC – On December 10, the City of Asheboro and Randolph County were collectively awarded $290,000 in NC Commerce Building Reuse Grants by the North Carolina Rural Infrastructure Authority. The grants will assist three companies with the renovation and expansion of buildings in the community. The grants will leverage nearly $20 million in private investment and result in the creation of thirty-five new jobs. The Randolph County EDC worked closely with each company to facilitate the grant application process.
The City of Asheboro was awarded a $100,000 grant to aid Chicago-based Sedia Systems with the renovation of the 60,000 square foot building at 335 Commerce Place. The company, which manufactures fixed seating for auditoriums and lecture halls, recently acquired the property to consolidate and expand its operations. Sedia Systems will invest $900,000 in the renovation project and create nine new jobs.
The City of Asheboro was also awarded a $100,000 grant to aid Asheboro-based StarPet with an extensive renovation and expansion project. The facility, located at 801 Pineview Road, will receive an investment of more than $17 million. The company manufactures polyethylene terephthalate (PET) which is used for the production of bottles, films, fibers, and other specialty products. The investment will support an additional production line to manufacture post-consumer PET. StarPet will create at least eleven new jobs related to the expansion.
Randolph County was awarded a $90,000 grant to support Platinum Collection Furniture’s renovation of a 42,000 square foot vacant building. The California-based company does business as Ariston Hospitality and is a contract furniture manufacturer. In July, the company purchased the building at 1581 Prospect Street in High Point to better support its East Coast customer base. The company will invest over $1 million in the project and will create at least fifteen new jobs. Since the building is located in both Randolph and Guilford Counties, the grant award resulted from a collaborative effort between Ariston Hospitality, Randolph County, and the City of High Point.
The Randolph County Economic Development Corporation is a non-profit organization that works with industrial clients in the county. The EDC’s mission is to support a growing healthy economy so that local residents have diverse quality job opportunities through the attraction of new businesses to the area and the retention and expansion of existing business and industry.