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High Point Economic Development Corp. reports banner year

HIGH POINT -- It's been a banner year for economic development in the city, and there's still more to come.

Thirteen companies have decided to move to or expand in High Point during the past year, bringing at least 837 new jobs. Six companies also decided to relocate to High Point, including La-Z-Boy, which will move from Greensboro, and Legacy Classic Furniture, which will come from Winston-Salem in 2007.

"The year's not over yet," said Loren Hill, president of the High Point Economic Development Corp. "We've got at least three more announcements coming before the calendar year comes to an end."

These companies have pledged to invest more than $76.2 million in High Point. To bring these companies here, the city has approved more than $2.6 million in economic incentives.

Ralph Lauren Media announced recently its plans to bring 250 jobs to the area. The company would open a fulfillment and distribution center for Polo.com. The economic impact of this project is $40 million. The city did lose one business in 2006 -- Forty West, a high-end photo house -- to Greensboro.

Economic developers say once a company is interested, High Point has things that lure them here. Things like the FedEx Corp. hub, the new U.S. 311 Bypass, quality land and buildings, and a business-friendly city government are some of the attractions for businesses.

"We really have something very unique," said Jeff Miller, chairman of the Economic Development Corp. board of directors and president of High Point Regional Health Systems. "(We have) a business community and business leaders ... who work hand-in-hand with city government."