Company/Division name | New Balance |
Parent company | New 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) reshored | shoes |
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 |