New Balance plans $65 million expansion of manufacturing facility in Skowhegan

URLhttps://www.centralmaine.com/2022/12/14/new-balanc
SourceMorning Sentinel
Date Published12/16/2022
Author NameZara Norman
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name New Balance
Parent companyNew Balance
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):200
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2024
Capital investment ($):65
City reshored to:Skowhegan
State(s) reshored to:ME
If relevant, work nearshored to:-
Industry(ies):Apparel & Textiles
Product(s) reshoredshoes
What domestic positive factors made reshoring more attractive?Impact on domestic economy, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Under-utilized capacity
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