Company Growth Leads To Hickory Mill Renovation - myfoxcarolinas.com

Company Growth Leads To Hickory Mill Renovation

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Transportation Insight recently announced plans to relocate its corporate headquarters to the former Lyerly Full Fashioned Mill facility on Highway 127 in downtown Hickory. The offices are currently located near First Baptist Church also in downtown.

The company plans a $6 to $8 million dollar renovation that is expected to be completed by 2015. The new facility will be a corporate campus. In addition to offices, the facility will offer a gymnasium, athletic fields, workout facilities and a cafeteria.

The relocation is necessitated by Transportation Insight’s rapid growth. The company started in 1999 and expects to be a $3 to $5 billion business by 2020.

Paul Thompson, founder and CEO, said part of the company’s success can be found in its entrepreneurial culture.

“We've created more of an entrepreneurial platform allowing a large percentage of the people to participate in the business and grow with the business," he said.

The City of Hickory committed to an economic development agreement with Transportation Insight, which includes a job creation requirement. There are 151 employees currently working at the Hickory office, with an estimated 150 additional workers anticipated by 2020.

Thompson added, "We're placing a big bet that Hickory is going to continue the economic development and the path that it's been on for the last 20 years."

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