PIKEVILLE, Tenn. (AP) — A textile company will bring 1,000 jobs to a rural town in eastern Tennessee.

Local news outlets report Gov. Bill Haslam announced on Monday that Textile Corporation of America will move its headquarters and manufacturing facility to Pikeville, a 1,600-person town north of Chattanooga.

The company will invest $2.71 million and create 1,000 new jobs in Bledsoe County.

Textile Corporation of America makes industrial products like apparel, bedding and linens for health care, hospitality and kitchen settings. The company will occupy an existing building that sits on 16 acres (6 hectares).