North Carolina Governor Roy Cooper’s Office announced funding today (April 20) to aid in the expansion for Project Highlander in Burke County. The project is set to support Vanguard Furniture Co., Inc. who will locate in a former Drexel Heritage manufacturing facility at 410 Hogan Street in Morganton.
Vanguard will create at least 100 new jobs by the end of 2025. New employee salaries will be significantly higher than the average county wage and at least fifty percent of the health insurance premium will be provided.
Vanguard Furniture, a family held company, employs over 600 associates and is currently operating out of six manufacturing facilities in Hickory, NC, a 40,000-square-foot showroom in High Point, NC, and a new manufacturing location in Hillsville, VA. Known as a people-oriented company, Vanguard nurtures a strong family atmosphere from the manufacturing floor to the office and throughout the international sales force.
With the Governor’s announcement, a $250k One NC Grant has been awarded to renovate and up-fit the building for their needs. A $200k Building Reuse Grant is being considered for the company by the Rural Infrastructure Committee. The City of Morganton was the applicant on the grant and along with Burke County will supply a 5% local match for the pending Building Reuse Grant. In addition, both the City of Morganton and Burke County have approved a local incentive for a period for three years based on the new tax base created by the company.
Burke Development, Inc. thanked all their partners for their efforts on this project including, N.C. Department of Commerce and the Economic Development Partnership of North Carolina. Other key partners in the project include the City of Morganton, Burke County, North Carolina General Assembly, North Carolina Rural Infrastructure Authority, North Carolina Community College System, Western Piedmont Community College and the Western Piedmont Council of Governments.