A Lithuanian factory maker has chosen Mocksville in Davie County for a factory that will employ 250 by the end of 2029. SBA Group was awarded a state economic-development grant valued at nearly $1.9 million by the state Economic Investment Committee Tuesday morning in return for creating the jobs over a four year period. The company expects to invest $50.8 million for a 500,000-square-foot facility. Its primary furniture buyer is IKEA, and it an…

Fox8

Cleveland

Cuyahoga County

Ohio

United States

Davie County lures Lithuanian maker of IKEA furniture, 250 jobs to Mocksville

Home store chain Ikea Belgium has reached an amicable settlement with the financial watchdog FSMA. The company will pay 25,000 euros and will be listed on the FSMA website after a violation of consumer credit regulations, a press release said on Tuesday.

Woonwarenhuisketen Ikea Belgium heeft met de financiële waakhond FSMA een minnelijke schikking getroffen. Het bedrijf betaalt 25.000 euro en krijgt een vermelding op de website van de FSMA, na een inbreuk op de regelgeving over consumentenkrediet, klinkt het dinsdag in een persbericht.

Ikea treft schikking van 25.000 euro met financiële waakhond FSMA

Het Belang van Limburg

Mediahuis

Hasselt

Limburg

Flanders

Belgium

Ikea settles 25,000 euros with financial watchdog FSMA

Het Nieuwsblad

Media Bias/Fact Check

Nexstar Media Group

Tribune Media

SBA Home plans to invest more than $70 million and create 250 jobs with the opening of a furniture manufacturing facility in Mocksville. Gov. Roy Cooper announced earlier today that the investment marks the company’s first North American furniture production facility. SBA Home is the newly created and largest division of SBA Grupe UAB, a Lithuanian conglomerate that exports furniture to 50 different countries.  Davie County beat out Cherokee Cou…

Business North Carolina

Furniture maker to create 250 jobs, invest $70 million in Mocksville - Business North Carolina

Mocksville was in competition for the bid with a site in South Carolina. 
MOCKSVILLE, N.C. — Lithuanian factory maker SBA Group will build a new factory in Mocksville that will hire 250 people by the year 2029, according to the Triad Business Journal. According to the North Carolina Department of Commerce, Mocksville’s primary competition for the new factory was a site in Cherokee County, South Carolina. The town and Davie County offered SBA Gro…

Davie County lures Lithuanian maker of IKEA furniture, 250 jobs to Mocksville

Coverage Details

Give the gift of Perspective

Bias Distribution

Ownership

Similar News Topics

Similar News Topics