Tax breaks lure tech firms to U.S.

SourceArkansas Democrat Gazette,
Date Published04/18/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name FREYR Battery
Parent companyFREYR Battery
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2023
Capital investment ($):1700
Country(ies) from which reshored:Norway
City reshored to:Atlanta
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredEV batteries
What domestic positive factors made reshoring more attractive?Government Incentives, President Joe Biden
Government Incentive dollar amount:IRA provides up to $45 in tax credit
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