Virginia Expansions To Create Total $34M Investment

URLhttps://businessfacilities.com/2022/05/virginia-ex
SourceBusiness Facilities
Date Published05/27/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Mühlbauer Inc.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):32
Year reshoring announced:2022
Domestically, the work will be done:In-house
Capital investment ($):9
Country(ies) from which reshored:Germany
City reshored to:City of Newport News
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Machinery
Product(s) reshoredautomated machinery
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Skilled workforce availability/training
Government Incentive dollar amount:$227,700
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