Company/Division name | Hollingsworth & Vose |
Parent company | Hollingsworth & Vose |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 25 |
Year reshoring announced: | 2023 |
Capital investment ($): | 40 |
City reshored to: | Floyd |
State(s) reshored to: | VA |
If relevant, work nearshored to: | - |
Product(s) reshored | woven materials for batteries |
What domestic positive factors made reshoring more attractive? | Government Incentives, Lead time/Time to market, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market |
Government Incentive dollar amount: | .56 |