Agenda Package - 03-21-11 - Laserfiche WebLink

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024 • (1) Preserving Jobs in North Carolina Communities Frontier Is a Global Competitor of Regional Importance Frontier Spinning is one of the largest producers of spun yarns for the knitting and weaving industries in the world. They offer a diverse product line to fulfill demands of customers worldwide, having perfected their spinning processes by applying state -of- the -art automated technology and innovation to' every phase of the yarn manufacturing process. Frontier operations impact jobs and taxes paid throughout North Carolina, directly and indirectly, in manufacturing, research and development, warehousing- distribution and transportation. Frontier is a North Carolina -based Business Frontier Spinning's corporate headquarters is located in Sanford, as are Plants #1 and #2. Plants 43 and #5 are located in Mayodan. Plant #71 is located in Clarkton. Frontier lobs Support Families throughout North Carolina Frontier Spinning believes the most important aspect of a successful business is its people. Quality and customer service are impossible without people. Development and implementation of technology are impossible without people. Efficient and safe operations of their plants are impossible without people. • Frontier has worked very hard in putting together a team of managers, engineers, technicians, sales people, and production associates to lead them in the 21" century. And while each individual has a distinct and different role within the company, everyone has contributed to and enjoyed the benefits of the company's success. • Frontier Spinning collectively employs approximately one thousand North Carolina residents with an annual payroll over $30 million. They serve as the major employers and tax payers in their respective communities. • Frontier Spinning's wages and benefits have been recognized as being on the leading edge of the industry, and are very competitive within the regions where the company operates- The company provides major medical, dental, vision, disability, and life insurance for all employees. Frontier also offers paid vacations and holidays, as well as a 401(k) Retirement Savings Plan. OJob Retention and Job Growth at North Carolina's Port of Wilmington Supporting commerce through the Port of Wilmington has a direct and positive impact on North Carolina jobs. The addition of Frontier's business has broad implications for the Port itself, transportation companies, warehouse and distribution operations, commercial facility developers and manufacturers. All depend on the Port uniquely to support their businesses competitiveness. • 2