Company/Division name | BMW |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 300 |
Year reshoring announced: | 2022 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 700 |
Country(ies) from which reshored: | Germany |
City reshored to: | Woodruff |
State(s) reshored to: | NC |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | electric vehicles |
What domestic positive factors made reshoring more attractive? | Government Incentives, IRA, zero emissions policy, Biden |