LT Apparel Group which has its headquarters in New York City designs, sources, manufactures, and markets children’s apparel with its family of brands including adidas Kids, Carhartt Kids, and its own brand, French Toast.
The expansion will add a minimum of 116 new jobs to the community and will help increase industrial capacity at the Reedy Fork Corporate Park.
“Our operations here in Greensboro have come full circle,” said Richard Sutton, CEO, LT Apparel Group. “From designing products in Revolution Mill to warehousing and distributing them from Brown Summit, LT Apparel is part of the fabric of this community, and we’re committed to remain so. After a long search for our new home, it became clear that Greensboro was the right choice for us. We appreciate the support we’ve received from all the state and local partners, and we look forward to growing our company in North Carolina.”
The company’s new jobs will yield an average salary of $50,235, in line with Guilford County’s average annual wage. Once the project’s new jobs are in place, the local region will benefit from a more than $4m payroll impact in the community, each and every year.
A performance-based grant of $200,000 from the One North Carolina Fund to Lollytogs, LTD, which does business as LT Apparel Group, is a component of the company’s project in Greensboro. Company performance targets tied to the grant include the creation of 88 jobs and an investment of $17m.
A $500,000 grant to the City of Greensboro from the state’s Industrial Development Fund – Utility Account will also support the project, providing water and sewer accessibility that will also benefit other customers in the Reedy Fork Corporate Park area.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData