NETTLETON – Eight months after leaving Lane Home Furnishings to build his own company, William “Skipper” Holliman has done just that.
Holliman and Gentry Long, who both left Lane in April, have formed HomeStretch LLC, which will build upholstered reclining furniture including chairs, sofas, love seats and sectionals.
“It will be promotional and mid-priced furniture,” said Holliman.
The company is expected to begin operations in March with 30-40 employees and grow to 140 employees within four years.
Applications are being accepted at the WIN Job Centers in Belden and Amory.
HomeStretch will be in the former Advantage Furniture building in Nettleton, a 220,000-square-foot plant with another 9,000-square-foot office.
But before operations begin, there’s plenty of cleaning, fixing, stripping, painting and other renovation work to be done.
And Holliman and Long also have to decide exactly how to market their products.
“We’re putting together our plans right now,” Holliman said.
HomeStretch will lease the building from Monroe County, which bought the building for $1.5 million borrowed from the Mississippi Development Authority’s Capital Improvements Revolving Loan Program.
The MDA kicked in another $298,000, while the Appalachian Regional Commission provided $240,000. Together, that money will be used to replace a roof over an older 86,000-square-foot portion of the building.
Monroe County Chamber of Commerce President and CEO Tony Green said negotiations with HomeStretch started in September, when the building was shown to the company.
The announcement comes as welcome news in a county whose unemployment rate in October was 14.2 percent.
Dennis Seid/NEMS Daily Journal