Glen Raven Inc., a provider of innovative performance textiles, will create 205 new jobs as it expands its Custom Fabrics operations in Warren County, N.C. Once the projects’ new jobs are in place, the local region will see a more than $6.5 million payroll impact in the community every year.
A performance-based grant of $1,000,000 from the One North Carolina Fund will help facilitate Glen Raven Custom Fabrics’ expansion in Warren County. The OneNC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All OneNC grants require a matching grant from local governments and any award is contingent upon that condition being met.