Massive furniture market opens with NC cut dropped
HIGH POINT, N.C. (AP) — The world's largest furniture market kicks off with North Carolina Gov. Pat McCrory meeting industry executives after reversing plans to cut state funding for the trade show.
McCrory visits the High Point Market on Saturday for a private meeting with 40 furniture industry leaders who objected to the governor's proposal to cut state funding.
McCrory's proposed state budget last month suggested cutting about $410,000 from the organization that sets up the twice-a-year event. Lawmakers approved about $1.65 million in funding in the previous two-year budget cycle.
The market attracts about 80,000 furniture buyers and sellers to High Point.
One-third of the funding comes from the state, a third from High Point, and a third from exhibiting companies through a self-imposed showroom tax.