Brazilian company opening first U.S. location, creating 40 jobs in Pulaski Co.

SourceWSET 13
Date Published09/07/2017
Author NameCatherine Doss
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Koinonia Ltd.
Parent companyKoinonia Fitas e Pecas Tecnicas e Espumas Ltda
Type of work Manufacturing
If manufacturing, is the company a contract manufacturer?Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):40
Year reshoring announced:2017
Year reshoring implemented or to be implemented:2017
Domestically, the work will be done:In-house
Capital investment ($):4.9
Country(ies) from which reshored:Brazil
City reshored to:Radford
State(s) reshored to:VA
If relevant, work nearshored to:-
What domestic positive factors made reshoring more attractive?Government Incentives, Infrastructure (transport, internet, power)
Government Incentive dollar amount:100000
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