The company’s project will add a minimum of 116 new jobs to the community and will help increase industrial capacity at the Reedy Fork Corporate Park. LT Apparel Group, with headquarters in New York City, designs, sources, manufactures and markets children’s apparel. The company’s family of brands includes Adidas Kids, Carhartt Kids, and its owned brand, French Toast. The company will maintain its design center in Greensboro as it adds new capacity and warehousing space in the city.
“Our operations here in Greensboro have come full circle,” Richard Sutton, CEO of LT Apparel Group, said. “From designing products in Revolution Mill to warehousing and distributing them from Brown Summit, LT Apparel is part of the fabric of this community and we’re committed to remain so. After a long search for our new home, it became clear that Greensboro was the right choice for us. We appreciate the support we’ve received from all the state and local partners, and we look forward to growing our company in North Carolina.”
The company’s new jobs will yield an average salary of $50,235, in line with Guilford County’s average annual wage. Once the project’s new jobs are in place, the local region will benefit from a more than $4 million payroll impact in the community, each and every year, officials said.
A performance-based grant of $200,000 from the One North Carolina Fund to the company is a component of the company’s project in Greensboro. Company performance targets tied to the grant include the creation of 88 jobs and an investment of $17 million.
The One NC 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. A $500,000 grant to the City of Greensboro from the state’s Industrial Development Fund – Utility Account will also support the project, providing water and sewer accessibility that will also benefit other customers in the Reedy Fork Corporate Park area.
Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina on this project were the North Carolina General Assembly, the North Carolina Community College System, the Rural Infrastructure Authority, the North Carolina Department of Transportation, the City of Greensboro, Guilford County, the Greensboro Chamber of Commerce, The Guilford County Workforce Development Board, Duke Energy, Piedmont Natural Gas and High Point Economic Development Corporation.