Company/Division name | Hendrick Motorsports |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 50 |
Year reshoring announced: | 2023 |
Year reshoring implemented or to be implemented: | 2024 |
Capital investment ($): | 14.9 |
City reshored to: | Concord |
State(s) reshored to: | NC |
If relevant, work nearshored to: | - |
Industry(ies): | Primary Metal Products (not including Foundries and Castings) |
Product(s) reshored | fabrication of metal structures, prototyping, asse |
What domestic positive factors made reshoring more attractive? | Government Incentives |
Government Incentive dollar amount: | 3-year, 85% tax-based economic development grant |