Furniture Company's Contract with IKEA Will Mean 100 New Jobs for Oregonians
Mastercraft Furniture in Wilsonville will grow from 25 employees to more than 150 thanks to a contract with IKEA that will return jobs to the U.S. from Asia.
Oregon's Only Organics of Springfield develops and produces its own line of natural plant nutrient products for the organic gardening industry. Business Oregon partnered with SELCO Community Credit Union and the Small Business Administration (through Cascade West Financial Services) to help finance the company's $1.875 million expansion project in 2009.
In 2013, Business Oregon and SELCO partnered again and the company received a $380,000 Oregon Business Development Fund (OBDF) loan as part of financing a recently constructed warehouse. Due to the expansion of its facilities, the company expected to create 17 full-time jobs.
The company currently makes 25 productssome liquids, some granulesmeant to boost the energy systems of high value agricultural crops, such as apples, potatoes, carrots, strawberries, leeks, onions and garlic.
Two of the products retail as Zeus Juice, an amino acid elixir and One Shot, granules that can feed a plant for up to a year after a one-time application.
In late 2009, through the Oregon Business Development Fund (OBDF), Business Oregon provided a $492,000 loan that helped the company purchase a $1.5 million Springfield warehouse allowing it to expand its production capacity and add new products. As a result of that expansion, the company planned to grow from 5 to 19 employees.
Oregon workers' compensation rates have declined or remained neutral for the last 20 years, a national record.