The North Carolina Department of Transportation (NCDOT) has notified the City of Morganton that the contractor for…
North Carolina Governor Roy Cooper’s Office and the North Carolina Department of Commerce have announced the award of a Building Reuse grant to support the renovation of Ferguson Copeland L.L.C. (which does business as Chaddock). The company, located at 100 Reep Drive in Morganton, will use the expansion to recapture jobs lost in the early 2000s.
The company’s current location is a revitalized Hanes textile plant built in 1964 with approximately 287,000 square feet. Chaddock was founded in 1958 and is known for its hand-applied finishes and hand-tailored seating. Their made-to-order furniture is custom crafted and is finished exclusively in North Carolina facilities.
The project will create 25 new jobs in Morganton for specialized, skilled employees. The new jobs will include machinists, utility workers, upholsterers, cutters, and trimmers. The average wage will be $44,228, approximately $1,000 more than the current average county wage.
The City of Morganton applied for the grant and will combine with Burke County to supply a 5% local match for the project. The project is expected to create approximately $1.1-million in new capital investment.
The Building Reuse program provides grants to local government entities to support economic development that leads to the creation of new, full-time jobs. The program gives priority to projects located in the 80 most distressed counties in the state.