Monitoring the economic pulse of the Triad
Diagnostic lab announces expansion in High Point
Solstas Lab Partners, a medical and diagnostic laboratory company coheadquartered in High Point, announced that it has chosen the Triad city for an expansion that will add 500 jobs, in what economic development officials call “the largest job-creation project in the city in more than 13 years.”
Previous to that, Ralph Lauren Corp.’s addition of a third distribution and logistics operation creating 400 new jobs had set the record in recent years.
The High Point City Council and Guilford County Commission each approved $500,000 in incentives for the company, while Gov. Bev Perdue has awarded the project $450,000 from the One North Carolina Fund. The average wage of the jobs is expected to be $45,560, the High Point Economic Development Corp. reports, and the company is expected to add $11.6 million to the local tax base through its expansion in north High Point, although local governments will lose tax revenue as part of the incentives grant.
Meanwhile, Solstas obtained a privilege license in January from the city of Greensboro for a support and administrative office at Signature Place in the tony commercial cluster near Friendly Shopping Center.
Free hair services offered to financially strapped job seekers
Express Employment Professionals and Avanti Salons & Spas are offering free hair cuts, coloring and styling to unemployed women that are actively interviewing for jobs and cannot afford professional services, according to a press release issued by the two companies. The event will take place on Feb. 20 from 10 a.m. to 4 p.m. at the Greensboro location of Avanti Salons & Spas in the New Garden shopping center. A limited number of vouchers will be awarded at the event that may be used at the salon’s Greensboro and High Point locations. Jobs seekers interested in taking advantage of the offer are asked to call 336.282.7901.