Below is a press release from the Mississippi Development Authority:
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.
“Homestead Furniture is a welcome addition to our manufacturing base. 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.” – Tim Kent, Mayor, City of New Albany
Anticipating an increase in demand, Homestead Furniture aims to build a stronger market for motion upholstered furniture with its new Northeast Mississippi operations.
“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.” – Gov. Tate Reeves
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.
“MDA is proud to support the Homestead Furniture team as they bring 117 new jobs to Northeast Mississippi. Our quality-trained workforce and supportive business climate that Homestead discovered in Mississippi are key ingredients needed to succeed in today’s global marketplace.” – MDA Deputy Executive Director Laura Hipp
Homestead Furniture plans to fill the 117 new jobs in New Albany by the end of 2023.
