Company/Division name | FyberX Holdings |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 45 |
Year reshoring announced: | 2022 |
Capital investment ($): | 17.5 |
City reshored to: | Williamsburg, |
State(s) reshored to: | VA |
If relevant, work nearshored to: | - |
Industry(ies): | Apparel & Textiles, Chemicals |
Product(s) reshored | natural fibers,hemp |
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? | Government Incentives, Infrastructure, Raw Materials Cost, Skilled workforce availability/training |
Government Incentive dollar amount: | $150,000 grant Commonwealth’s Opportunity Fund |