WINSTON-SALEM, N.C. -- Winston-Salem's Finance Committee will discuss on Monday a request for $150,000 in financial assistance by United Furniture Industries, which is considering the old Hanes Weeks Plant as the site of a new manufacturing, storage and distribution facility.
A rep for United Furniture tells FOX8 that the move would create 200 jobs over the next three years and marks a nearly $6 million investment in the building that currently sits vacant on Hanes Mill Road.
The $150,000 economic development grant would be distributed over seven years and would help offset expansion costs for the company, according to the City of Winston-Salem.
"[The] project would normally qualify for $100,000 but given the retention and revitalization of the old plant which has been empty for years, as well as the creation of 200 new jobs we are being aggressive on this project," said Winston-Salem Assistant City Manager Derwick Paige.
It will be up to City Council to approve the economic development grant, and if approved, city officials say United Furniture would be required to stay in the facility for at least 10 years.
United Furniture tells FOX8 a decision is expected by June 1 on whether the company will move forward with the Hanes Weeks site.