Company/Division name | BIOPHIL Natural Fibers |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 41 |
Year reshoring announced: | 2022 |
Capital investment ($): | 10.9 |
City reshored to: | Lumberton |
State(s) reshored to: | NC |
If relevant, work nearshored to: | - |
Industry(ies): | Apparel & Textiles, Organic raw materials, Hemp |
Product(s) reshored | processes hemp stalk, Hemp fiber bag, Hemp Hurd |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Raw Materials Cost, Under-utilized capacity |
Government Incentive dollar amount: | A performance-based grant of $125,000 |