Company/Division name | Magna International Inc |
Parent company | Magna International Inc |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 920 |
Year reshoring announced: | 2022 |
Year reshoring implemented or to be implemented: | 2023 |
Capital investment ($): | 427 |
Country(ies) from which reshored: | Canada |
City reshored to: | St. Clair |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | Electric Vehicle |
What domestic positive factors made reshoring more attractive? | Automation/technology, Government Incentives |
Government Incentive dollar amount: | Grant $1.5 million to $7.5 million |