Home Furnishings Economic Impact Study

 

$8.25 billion impact on High Point area

 

A landmark High Point University* study proves that High Point is indeed the Home Furnishings Capital of the World.™

 

The Economic Impact of the Home Furnishings Industry in the Triad Region of North Carolina study shows that the home furnishings industry has an $8.25 billion impact on High Point and the four counties in which the city lies.  More than 69,000 jobs exist locally due to the home furnishings cluster.

 

“The High Point Market and the enormous industry surrounding it are thriving and growing,” said High Point Mayor Becky Smothers. Hosts of furniture-related companies continue to move here because “the entire array of industry resources they need are right here.”

 

Below are excerpts from the study:

• The economic impact of the furniture cluster upon the Triad region is $8.25 billion in industry output with more than 69,000 jobs
• The economic impact of furniture manufacturing across the Triad region is $4.8 billion in industry output and 34,000 jobs
• Furniture and related product manufacturing is the largest manufacturing sub sector in the Triad region with over 16,000 jobs.
• Furniture manufacturing generates 17 percent of the total manufacturing jobs in the four-county Triad region.

* At High Point University, every student receives an extraordinary education in an inspiring environment with caring people. HPU, located in the Piedmont Triad region of North Carolina, is a liberal arts institution with over 4,200 undergraduate and graduate students from 51 countries and 46 states at campuses in High Point and Winston-Salem. It is ranked by US News and World Report at No. 3 among Regional Colleges in the South. Forbes.com ranks HPU in the top 7 percent among "America's Best Colleges." Parade Magazine lists HPU in the top 25 private schools in the nation.