Project represents corporate investment of approximately $2.016 million
Motion upholstered furniture manufacturer Homestead Furniture is locating manufacturing operations in New Albany. The project is $2.016 million investment and will create 117 jobs.
“These 117 new jobs are a great addition to New Albany and Union County,” said Gov. Tate Reeves. “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.”
Anticipating an increase in demand, Homestead Furniture aims to build a stronger market for motion upholstered furniture with its new Northeast Mississippi operations.
“We couldn’t be happier to be located in Union County,” said Homestead Furniture CEO Harry “G” Lipscomb. “The support we’ve received from the state of Mississippi, Three Rivers Planning and Development District and Union County has been tremendous. We, along with our retail partners, think the time is right for a change in our industry.”
The Mississippi Development Authority is providing assistance for 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 is a welcome addition to our manufacturing base,” said Mayor Tim Kent. “We are grateful for Homestead’s investment in our community and our people. Homestead’s leadership has a rich and storied history in upholstered furniture manufacturing, and we look forward to helping them thrive and grow in New Albany.”
Homestead Furniture plans to fill the 117 new jobs in New Albany by the end of 2023.