Company/Division name | Magna International |
Parent company | Magna International |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 1500 |
Year reshoring announced: | 2022 |
Capital investment ($): | 500 |
Country(ies) from which reshored: | Canada |
City reshored to: | Saint Clair |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | EV components |
What domestic positive factors made reshoring more attractive? | Government Incentives |
Government Incentive dollar amount: | $10.2 million in state program grants |