Cramerton derives its name from its founder, Stuart W. Cramer who established a mill village in 1915 to house workers at two textile plants, the Mays and Mayflower Mills. The entire property was sold to Burlington Industries in the mid-forties. Burlington sold the homes to individuals and continued to operate the textile plants until the late eighties. Rapid residential growth has occurred over the past twenty years and Cramerton serves primarily as a residential community. Mastercraft Fabrics continues operation of two textile plants in Cramerton.