Formlabs Opens New Facility in the Original "Machine Shop of the World"

URLhttps://www.thomasnet.com/insights/formlabs-opens-
SourceTHOMAS
Date Published09/28/2022
Author NameDavid Mantey
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Formlabs
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):100
Year reshoring announced:2022
City reshored to:Milwaukee
State(s) reshored to:WI
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshored3D Printers
What domestic positive factors made reshoring more attractive?3D Printing/Additive Manufacturing, Government Incentives, Skilled workforce availability/training
Government Incentive dollar amount:$675,000 performance-based income tax credits
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