Indy-Based Lighting Company to Construct New Manufacturing Plant in Batesville

URLhttps://www.eaglecountryonline.com/news/local-news
SourceEagle Country Online
Date Published06/20/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name IKIO LED Lighting, LLC,
Parent companyIKIO LED Lighting, LLC,
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):30
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Domestically, the work will be done:In-house
City reshored to:Indianapolis
State(s) reshored to:IN
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredLED lighting solutions
What domestic positive factors made reshoring more attractive?Government Incentives, Infrastructure
Government Incentive dollar amount:$300,000 in the form of incentive-based tax credit
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