Governor Hochul Announces $10 Million in Funding for Fashion Innovation Center During New York Fashion Week

URLhttps://www.governor.ny.gov/news/governor-hochul-a
Sourcegovernor.ny.gov
Date Published09/12/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Fashion Innovation Center
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2022
Domestically, the work will be done:In-house
Capital investment ($):10
City reshored to:New York City
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Apparel & Textiles
Product(s) reshoredapparel, textiles
What non-domestic negative factors made offshoring less attractive?Green considerations, Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Automation/technology, Eco-system synergies, Government Incentives, Impact on domestic economy, Raw Materials Cost
Government Incentive dollar amount:$10 m
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