Stanley Furniture announced Monday that it will expand its presence in High Point and create 42 jobs over the next three years.
The company, which has offices in High Point and Stanleytown, Va., is investing $4 million to consolidate its showroom and two corporate offices into a new High Point facility.
Stanley will receive a $335,000 grant from the One North Carolina Fund if it meets hiring and investment goals.
The company expects the payroll for the new jobs will be more than $2.5 million, which works out to an average annual salary of just under $60,000
Stanley makes high-end furniture for the residential market. It makes furniture for adults under the Stanley brand and children's furniture under the Young American brand.
Young America furniture is manufactured at the company's plant in Robbinsville, which employs more than 350 people.