STI Revolution Fabric Expansion

Kings Mountain,
NC
(2017)

STI Revolution Fabric Expansion

Business Development, Manufacturing, Rural

Construction of a manufacturing and distribution facility.

Investment

NMTC Amount: $12,000,000
Total Project Cost: $12,089,998

IMPACT

103 FTE jobs
10 construction jobs

CDEs

Local Initiatives Support Corporation, Truist

Investor

Truist

Project Description

NMTC financing supported the construction of a new manufacturing and distribution facility. The project also provided for the purchase of new equipment. STI is a manufacturer of upholstery.

Due to the success and rapid growth of Revolution Performance Fabrics, STI began a 150,000 square foot plant expansion in January 2017. The expansion took STI’s production from 500,000 yards a week to 750,000 yards a week. 40 new looms are running inside the plant, with 100 new employees operating them.

MAP

Address: 515 Marie Street, Kings Mountain, NC 28086

Census Tract: 37045950500

Other North Carolina Projects

Intergenerational Center for Arts and Wellness

Winston-Salem,
NC
(2022)

College or Vocational Training, Daycare and Early Childhood, Healthcare, Nonprofit Hub

CDE(s): CAHEC, CCG Community Partners, Truist

NMTC financing for a multitenant social service center providing improved access to quality elder care, healthcare, early childhood education, arts, and other social services.