BELMONT — A California company will open a recreational vehicle furniture factory in northeast Mississippi, with plans to hire 75 employees over five years.
Villa International, based in Cerritos, California, will invest $250,000 to expand into Tishomingo County. It will pay an average annual salary of $35,360.
The Mississippi Development Authority will loan Tishomingo County $507,000 to purchase the former Falcon Products building in Belmont, and give $300,000 for improvements. The Appalachian Regional Commission, a federal agency, will give $100,000 for improvements. Tishomingo County will give Villa three years’ free rent on the building as another incentive.
Villa makes furniture for more than 30 motorhome makers.
Villa will be near one customer, Tiffin MotorHomes, whose factory is just across the state line in Red Bay, Alabama.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info