Leading Electronic Component Design and Manufacturing Company to Expand in Virginia

URLhttps://www.governor.virginia.gov/newsroom/news-re
Sourcecovernor.virginia.gov
Date Published04/11/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Weidmüller Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):100
Year reshoring announced:2023
Domestically, the work will be done:In-house
Capital investment ($):16.4
Country(ies) from which reshored:Bulgaria
City reshored to:Chesterfield County
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredelectronic components
What domestic positive factors made reshoring more attractive?Government Incentives, Image/brand, Proximity to customers/market
Government Incentive dollar amount:$488,450
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