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Published: 2012-06-14 15:02:00
Updated: 2012-06-14 15:08:36

Posted: June 14, 2012

Ralph Lauren expansion promises jobs in High Point

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High Point, N.C. — Designer Ralph Lauren Corp. plans to expand its operations in High Point, creating an estimated 500 jobs over the next five years, officials said Thursday.

The company has distribution, research and development and customer service facilities in Guilford County and employs some 1,400 people. It plans to invest about $97 million to add to those operations.

Salaries will vary by position, with the average at about $31,000. 

Ralph Lauren could see up to $2.5 million in tax benefits if it delivers on annual job creation and performance targets through the state's Job Development Investment Grant program.

It was also awarded a grant of up to $500,000 from the One North Carolina Fund, which provides assistance to companies to attract business to the state. The company expects to see local incentives as well, but those have not yet been approved.

Copyright 2012 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Latest Comments
that is 1 job for each county for 5 years.
Click to view my profile computer trainer
June 14, 2012 4:09 p.m.
she is in the same vein as Gore, who invented the internet. Did she not say and where the "Red" hat, that big splash was only a drop in a very big pond

I wonder if the attractive blond is willing to go to prison for her - I know there will be an executive pardon before she leaves office
pappybigtuna1
June 14, 2012 4:05 p.m.
Bevvie is trying so hard to be relevant. It's a real struggle for her, especially now that Uncle Barack has no money to lend her when she cries for help!!

And Dalton is not much better-actually-he's more of the same DemocRAT tax and spend that we've scene for the last 100+ years!
cwood3
June 14, 2012 3:31 p.m.
Geez, she gets so excited over a few hundred jobs when tens of thousands are unemployed in this state - not including those for whom unemployment benefits have run out.
Iak Hsehpen
June 14, 2012 3:15 p.m.
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