Magna will invest $500 million to expand EV facilities and bring over 1,500 new jobs to Michigan

Date Published10/25/2022
Author NameScooter Doll
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Magna International
Parent companyMagna 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) reshoredEV components
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$10.2 million in state program grants
Find Reshoring Articles