At a meeting earlier this month, the Chatham County Board of Commissioners approved a points-based cash incentives agreement with Acme-McCrary, a 101-year-old hosiery and shape-wear manufacturer, to help relocate its warehouse and distribution facilities to the former Joan Fabrics building in Siler City.
Acme-McCrary, headquartered in Asheboro, expects to invest approximately $500,000 in the 387,000-square-foot building and create at least 100 new jobs in addition to retaining 42 jobs in its Siler City facility. It also expects to maintain an inventory of $35 million.
If Acme-McCrary meets its obligations for job creation and retention over a five-year period, Chatham County would provide incentive grants to the company on a declining basis. The grants will be paid from revenues in the county’s general fund.