URL | https://www.bizjournals.com/boston/news/2022/03/28 |
Source | Boston Business Journal |
Date Published | 03/28/2022 |
Author Name | Grant Welker |
Mentions specific company case(s) of reshoring, kept from offshoring, or transplant | Yes |
Company/Division name | New Balance |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Year reshoring announced: | 2021 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 20 |
City reshored to: | Methuen |
State(s) reshored to: | MA |
If relevant, work nearshored to: | - |
Industry(ies): | Apparel & Textiles |
Product(s) reshored | sneakers |
What domestic positive factors made reshoring more attractive? | Government Incentives, Under-utilized capacity |
Government Incentive dollar amount: | $1.17 million |