United Safety Technology Inc. Announces Major Medical Manufacturing Investment in Maryland at Tradepoint Atlantic

URLhttps://finance.yahoo.com/news/united-safety-techn
Sourcehttps://finance.yahoo.com
Date Published03/16/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name United Safety Technology, Inc.
Parent companyUnited Safety Technology Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):2000
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:In-house
Capital investment ($):350
City reshored to:Baltimore
State(s) reshored to:MD
If relevant, work nearshored to:-
Industry(ies):Medical Equipment & Supplies
Product(s) reshoredNitrile Gloves
What non-domestic negative factors made offshoring less attractive?Emergency air freigh, Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Government Incentives, Infrastructure, Skilled workforce availability/training, $96.1 million Department of Defense (DOD) contract
Government Incentive dollar amount:$96.1
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