Magna bringing 480 jobs to $29 million seat assembly plant in Spartanburg County

SourceGreer Today
Date Published12/06/2016
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Magna International
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):480
Year reshoring announced:2016
Year reshoring implemented or to be implemented:2017
Domestically, the work will be done:In-house
Capital investment ($):29
Country(ies) from which reshored:Canada
City reshored to:Spartanburg County
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredseating for BMW
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Proximity to customers/market
Government Incentive dollar amount:"fees-in-lieu-of-taxes agreement"
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