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Furniture maker to spend $20 million, create 600 jobs

Associated Press

One of northeast Mississippi’s fastest growing companies will take over the former headquarters of a regional mainstay that dissolved in bankruptcy.

Southern Motion announced Wednesday that it will spend $20 million and hire 600 people over five years as the reclining furniture maker moves into a 758,000-square-foot building in Baldwyn. Former owner Hancock Fabrics closed after seeking bankruptcy protection earlier this year.

Mississippi Development Authority spokeswoman Tammy Craft says the state is providing $2 million for building modifications. Lee County is providing property tax breaks worth a projected $800,000 over 10 years. The Tennessee Valley Authority provided unspecified assistance.

Pontotoc-based Southern Motion has 1,200 employees there and 250 in Baldwyn. The company plans to start operating the new Baldwyn location in January.

The average wage wasn’t disclosed.

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About Ross Reily

Ross Reily is editor of the Mississippi Business Journal. He is a husband to an amazing wife, dad to 3 crazy kids and 2 dogs. He is also a fan of the Delta State Fighting Okra and the Boston Red Sox.

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