Alevo to expand plant in Concord, add 200 jobs

SourceSalisbury Post
Date Published03/01/2017
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Alevo
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):415
Year reshoring announced:2017
Year reshoring implemented or to be implemented:2017
Domestically, the work will be done:In-house
Capital investment ($):251.5
Country(ies) from which reshored:Philippines
City reshored to:Concord
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredGridBank Lithium-Ion battery storage system
What domestic positive factors made reshoring more attractive?Government Incentives, Skilled workforce availability/training
Government Incentive dollar amount:13,177,173
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