Archived

This topic is now archived and is closed to further replies.

DCMetroRaleigh

High Point awaits Possible HUGE Polo Ralph Lauren Job announcement

3 posts in this topic

(WGHP) —

Sources tell the High Point Enterprise that Polo Ralph Lauren is expected to be the company involved in the city's largest economic announcement in a decade.

Two independent sources who wished to remain anonymous told the Enterprise of Polo Ralph Lauren's plans.

http://www.myfox8.com/news/wghp-story-high-point-jobs-101120,0,2071884.story

Monday could be High Point's largest single-job creation announcement in more than 10 years.

The city is looking to land a major employer that could bring several hundred new employment opportunities. A notice of public hearing was placed in Friday's newspaper, explaining the proposed economic development site which is located on Eagle Hill Drive, the former site of Universal Furniture.

The Economic Development Corporation is expected to announce the company's name along with project, incentive and job details on Monday. On the following Monday, High Point's City Council will hold a public hearing to consider authorizing incentives for the project.

http://triad.news14.com/content/top_stories/633045/high-point-awaits-details-of-possible-major-job-creation

Share this post


Link to post
Share on other sites


I wonder if High Point will give away the farm to lure this development like Winston-Salem did with Dell. I wouldn't doubt it, even with contingencies associated with the incentives.

Share this post


Link to post
Share on other sites

I wonder if High Point will give away the farm to lure this development like Winston-Salem did with Dell. I wouldn't doubt it, even with contingencies associated with the incentives.

According to an Associated Press story today, "most state incentives were never paid and Dell repaid local governments $26 million in upfront incentives."

The big blow of course, was the loss of so many jobs in W/S -- as well as a certain level of civic prestige when a major company closes down.

Polo Ralph Lauren investment in High Point sounds less risky. Congratulations to the Triad.

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.