Company/Division name | Ascend Elements |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 150 |
Year reshoring announced: | 2022 |
City reshored to: | COVINGTON |
State(s) reshored to: | GA |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | lithium-ion battery recycling |
What non-domestic negative factors made offshoring less attractive? | Social/ethical concerns, Supply chain interruption risk/Natural disaster risk/Political instability |
What domestic positive factors made reshoring more attractive? | Government Incentives, Under-utilized capacity, President Joe Biden |
Government Incentive dollar amount: | $10M local incentives, and $480 federal grant |