Share this on

HP to get $3 million

By Larry Thomas -- Furniture Today, July 9, 2006

Raleigh, N.C. — The North Carolina legislature has adopted a state budget that includes nearly $3 million for the High Point furniture market, including $1.75 million for marketing and promotion and $1.2 million to run the market's transportation system.

The shuttle system funds, part of the state Department of Transportation budget, were never in dispute. However, the state House and Senate budgets originally included different amounts of money for marketing, which are part of the Department of Commerce budget. Market organizers had asked for, and the Senate agreed, to set aside $1.75 million for marketing and promotion. House budget-writers, however, cut it to $750,000, which was the amount appropriated for the previous fiscal year that ended June 30.

The additional $1 million was restored in a House-Senate conference committee that wrote the final budget, which both chambers adopted late last week. N.C. Gov. Mike Easley was expected to sign the budget bill.

The conference committee also agreed that half the marketing and promotional funds, or $875,000, would be a recurring budget item, which means it automatically will be included in each year's budget.

The additional money from the state is part of an aggressive, five-year funding plan recently adopted by directors of the International Home Furnishings Market Authority, the organization that oversees the market.

Additional funds also are coming from showroom owners, who soon will begin paying a higher showroom tax, and the city of High Point, which is contributing $1 million to the market effort.

Share this on

HP market working to restore cut state funds

Jul 2, 2006

High Point Market Authority gets small budget cut

Aug 20, 2009

N.C. House votes to give Market Authority $750,000

Jun 16, 2006

Also by this author

Also by Larry Thomas

Featured Company

Wright Labels

Bill and Tom Wright founded Wright of Thomasville in 1961 on the idea that printing was a creative medium and the belief that "a promise made is a promise kept." The Wright brothers focused their attention on providing exceptional printing for the... more

Most Recent Resources

Atlanta International Gift & Home Furnishings Market

Here is a selection of products shown at this month's International Gift & Home Furnishings Market here.

Networking at the 13th annual F/T Leadership Conference

NAPLES, Fla. — Industry executives and guests took the opportunity to network and play golf during down time at Furniture/Today's 13th annual Leadership Conference here this month.