Jacquard is offering more than $1M to companies looking to build textile mills
A new apparel company is offering to pay $1 million to textile mill owners and other textile professionals to help them build up their businesses.
Jacquard, which manufactures a range of textiles including jeans, sweaters and jackets, has announced the initiative.
Jacques-Henri Petit-Vallée, Jacquard’s head of global merchandising, told CNNMoney in a statement that it’s part of the company’s efforts to help textile companies stay competitive in the global marketplace.
The new initiative will focus on textile manufacturing in the US, Canada, Australia and Japan, Petit said.
Jacquer said it was “very excited” to see the initiative taking off in the United States, where textile jobs have grown more than seven times since 2004.
“We believe in the power of a strong textile industry to grow the economy and to create jobs,” he said.
“We are also very proud to work with some of the largest brands in the world in the apparel industry to expand our reach.”
Jacquards, which was founded in 1988 and has about 150 employees worldwide, is looking to expand into the United Kingdom, where it will start manufacturing garments for high street retailers, and plans to open a textile processing plant in the city of Sheffield in 2019.
Petit said Jacquard will be hiring at least 100 textile workers, as well as creating “training courses for textile workers in the UK.”
“We want to make sure we have an infrastructure in place to get the most out of the work that we do,” he added.
“The textile industry is a key part of our economy, and we want to ensure we have a high-performing, flexible workforce that can take advantage of the opportunities that come with our textile operations.”