![https://img.particlenews.com/image.php?url=2DDgUE_0uUNBtzK00](https://img.particlenews.com/image.php?type=thumbnail_580x000&url=2DDgUE_0uUNBtzK00)
LEE COUNTY, Miss. ( WJTV ) – Ashley Furniture Industries, the largest manufacturer of home furnishings in the world, plans to expand operations in two of its existing locations in Lee County, Mississippi.
The project represents a corporate investment of approximately $80 million in facilities and equipment and will create at least 500 new jobs.
This project will expand Ashley’s foam and mattress production in Verona through the purchase and renovation of a neighboring facility and the construction of a new facility. Additionally, Ashley plans to expand operations in Saltillo, currently the country’s largest mattress plant, with a substantial investment in equipment and operations.
Mississippi Lottery generates $125 million in total transfer to state “This strategic investment reinforces our commitment to growth and allows us to better serve our customers. By expanding our capabilities in Mississippi, we are creating more job opportunities and strengthening our presence in the region,” said Todd Wanek, CEO and President of Ashley Furniture Industries.
The Mississippi Development Authority (MDA) is providing assistance through the Mississippi Flexible Tax Incentive, or MFLEX program, as well as assistance to upgrade fire safety systems. In addition, Lee County is assisting through a fee-in-lieu agreement.
The project is expected to be completed by the end of 2025.
Close Thanks for signing up!
Watch for us in your inbox.
Subscribe Now
Daily News
Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to WJTV.
Comments / 0