JACKSON, Miss. – Motion upholstered furniture manufacturer Homestead Furniture is locating manufacturing operations in New Albany. The project is a more than $2.0 million investment and will create 117 jobs.
Anticipating an increase in demand, Homestead Furniture aims to build a stronger market for motion-upholstered furniture with its new Northeast Mississippi operations.
The Mississippi Development Authority is assisting with building improvements. Accelerate Mississippi will provide long-term training support. The city of New Albany and Union County will provide qualifying property tax exemptions.
Homestead Furniture plans to fill the 117 new jobs in New Albany by the end of 2023.
“These 117 new jobs are a great addition to New Albany and Union County. They will help to expand the North Mississippi economy and drive further growth. Mississippi’s economy is thriving and now is the ideal time to invest in and grow a business in our great state,” said Gov. Tate Reeves.
Harry “G” Lipscomb, CEO, of Homestead Furniture, said that "We, along with our retail partners, think the time is right for a change in our industry.”
Have something to say? Share your thoughts with us in the comments below.