Motion upholstered furniture manufacturer Homestead Furniture is locating manufacturing operations in New Albany, Mississippi. The project is a $2.016 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 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 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.” – Gov. Tate Reeves
“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
“We couldn’t be happier to be located in Union County. 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.” – Harry “G” Lipscomb, CEO, Homestead Furniture
“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
“We are pleased with Homestead Furniture’s decision to locate in Union County. Homestead’s investment in Union County builds upon the manufacturing sector’s strong presence in our community. These 117 new jobs will afford our citizens an opportunity to make a great wage, above our county’s average.” – CJ Bright, President, Union County Board of Supervisors
“We are pleased to welcome Homestead Furniture to Mississippi. Our excellent workforce will provide the support they need to ensure a successful future in our great state.” – U.S. Representative Trent Kelly
About Mississippi Development Authority
Mississippi Development Authority is the state’s lead economic and community development agency. MDA focuses on new business recruitment, existing business expansion, workforce training, and tourism promotion. For more information, visit MDA’s website at mississippi.org.