Caye Home Furnishings to open plant, hire 125 in Taylorsville
Mississippi-based Caye Home Furnishings is opening an upholstery plant in Taylorsville that's expected to employ 125 workers over three years. The company also plans to invest $1.4 million in the project. Caye is set to receive a $250,000 grant from the state provided it makes good on the hires and the investment. Caye Executive Vice President Wayne Stewart says even during the tough economy, demand for its products remains strong, especially in the northeast. So Caye was looking to expand close to where demand has been high. "The Taylorsville and Hickory area have been known for upholstery manufacturing for a long, long time. They have a lot of trained, excellent people there. And it's a great business environment," he says. Stewart says Caye is taking over an existing upholstery plant that used to be owned by Broyhill Furniture. Stewart says it should be up and running by the end of September and the company plans to start hiring in about two weeks. The governor's office estimates the average salary at the plant to be a little more than $30,000 a year without benefits.