New Balance opens Methuen factory

URLhttps://www.bizjournals.com/boston/news/2022/03/28
SourceBoston Business Journal
Date Published03/28/2022
Author NameGrant Welker
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

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) reshoredsneakers
What domestic positive factors made reshoring more attractive?Government Incentives, Under-utilized capacity
Government Incentive dollar amount:$1.17 million
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