The Hickory Record reported Tuesday that mattress industry supplier HSM (formerly Hickory Springs Mfg. Co.), with headquarters in Hickory, N.C., was approved to receive up to $82,690 in economic incentives from the city of Hickory. The Hickory City Council approved the incentives in a 5-0 vote.
The incentives are in exchange for HSM’s creation of about 135 new jobs by the close of 2015, at its two local facilities. The new hires are part of HSM’s $3.3 million investment in Catawba County, the news story said. The city will pay HSM $500 for each new job created.
Julie Pruett of the Catawba County Economic Development Corp. told the Hickory Record, “(HSM is) becoming a high-tech global producer, and that’s exactly what we want here in our community.”