BMW investing $1.7 billion to expand S.C. manufacturing capacity and footprint

URLhttps://www.upstatescalliance.com/announcements/bm
SourceUpstate S Alliance
Date Published10/19/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name BMW
Parent companyBMW AG
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Capital investment ($):700
City reshored to:Woodruff
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredbattery
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Automation/technology, Government Incentives, Skilled workforce availability/training
Government Incentive dollar amount:$65 million Closing Fund gran
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