May 04--EDEN -- Textile jobs are coming back to Rockingham County.
Shri Govindaraja Textiles, a company based in India, plans to locate a yarn manufacturing operation here, according to an announcement from Gov. Pat McCrory's office.
The company, which is part of a larger industrial group, plans to invest more than $40 million and create 84 jobs over the next two years.
Shri Govindaraja will occupy an 180,000-square-foot building once owned by Karastan on Summit Road.
The average annual payroll is estimated to be nearly $2 million, according to the announcement.
The N.C. Department of Commerce's Rural Infrastructure Authority Board awarded a $750,000 Community Development Block Grant to the city to help the company with the cost of updating the building.
The textile company is expected to begin operations within four to six months.
Rockingham County Manager Lance Metzler said it took close to a year for the deal to fall into place.
"From my understanding, once they found us, they wanted to focus here," Metzler said.
Contact Brad Kesler at (336) 373-7060, and follow @Brad_KeslerNR on Twitter.
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