Hendrick Motorsports to open new manufacturing facility, create new jobs

SourceIndependent Tribune
Date Published01/13/2023
Author NameVictoria Young
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

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) reshoredfabrication 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
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