Advanced Materials Maker Announces $40 Million Virginia Expansion

Date Published01/19/2023
Author NameAndy Szal
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hollingsworth & Vose
Parent companyHollingsworth & 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) reshoredwoven 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
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