Officials celebrate CYP expansionPublished 10:34pm Thursday, October 11, 2012
Officials touted cooperation of city, county and state governments Wednesday, Oct. 10 as Fendrich Industries celebrated its award of a One North Carolina grant which will allow the company to expand operations at its Carolina Yarn Processors facility in Tryon.
Polk County Commission Chairperson Ray Gasperson said he was proud the commission unanimously voted to support the expansion through matching grant funds.
“Having our EDTC director Libbie Johnson working on this project and the county matching the state funds over a three year period were instrumental in making this happen,” said Gasperson.
Fendrich Industries, the parent company of CYP, was officially awarded grant funds in the amount of $115,000 from the state, as well as the county’s match.
The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs. Companies must meet job creation and investment performance standards to qualify for grant funds. The grants also require local matching funds, which have been provided by the Polk County Board of Commissioners.
“This is a revitalization of manufacturing in Polk County, which has a long proud history of textile manufacturing. This is a significant step in providing more jobs with a textile industry input. It certainly adds pride to Polk County to have that Made In USA label and it be from Polk County,”Gasperson said.
Freddie Harrill spoke for Senator Kay Hagan about the importance of such moves by companies in the region.
“This exciting jobs announcement is just one more indication that Western North Carolina has created a top-rate business environment,” Harold said.
According to Fendrich Industries President David Moore, the company expects to transfer its bandana printing production from a facility in Union, S.C. to Tryon. The move will create a total of 23 jobs in Tryon, with some employees in Union being given the option to transfer.