Battery Technology Company to Establish $68 Million New York Headquarters

URLhttps://www.thomasnet.com/insights/battery-technol
Sourcethomasnet
Date Published02/09/2023
Author NameAndy Szal
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Zinc8
Parent companyZinc8
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):500
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2028
Capital investment ($):68
Country(ies) from which reshored:Canada
City reshored to:Kingston
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredbatteries
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Infrastructure, Image/brand, Manufacturing/engineering joint innovation (R&D), Under-utilized capacity
Government Incentive dollar amount:9
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