General Shoelace is planning a two-phased expansion, the firstof which will begin in October. When both phases are completed, the72,000-sf addition will create about 70 new jobs for LincolnCounty. The company now employs about 190 workers.
Phase I will cost about $1 million and consist of 4,000 sf ofoffice space and 20,000 sf of manufacturing space, according tocompany president and owner Michael Raus. Phase II, consisting of a48,000-sf manufacturing facility, will occur throughout next year,adding about 50-60 new jobs.
The company makes retail shoelaces, accessories for swimwear andsweat suits, and webbing used in industry. General Shoelace mergedlast year with Providence, RI-based Wm. Jette Co., a similarcompany.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
