Green Manufacturer of Steel to Invest $18 Million in Indiana Plant

URLhttps://www.thomasnet.com/insights/green-manufactu
SourceTHOMAS
Date Published12/05/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name GIM Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):135
Year reshoring announced:2022
Capital investment ($):18
City reshored to:Scottsburg
State(s) reshored to:IN
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredSandwich Plate System
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Government Incentives, Lead time/Time to market, Skilled workforce availability/training, Under-utilized capacity
Government Incentive dollar amount:$1.9 million in tax incentives
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