Peosta manufacturer to spend $20 million on new equipment, adding 33 jobs

URLhttps://biztimes.biz/peosta-manufacturer-to-spend-
SourceBiz Times
Date Published03/18/2022
Author NameKayli Reece
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Camso Manufacturing USA
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):33
Year reshoring announced:2022
Domestically, the work will be done:In-house
Capital investment ($):20
Country(ies) from which reshored:France
City reshored to:Peosta
State(s) reshored to:IA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredundercarriages for heavy equipment
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market, Skilled workforce availability/training
Government Incentive dollar amount:$600,000 in tax credits
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