Company/Division name | TIME Bicycles |
Parent company | Cardinal Cycling Group |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 105 |
Year reshoring announced: | 2023 |
Year reshoring implemented or to be implemented: | 2023 |
Capital investment ($): | 6.5 |
Country(ies) from which reshored: | Slovakia |
City reshored to: | Landrum |
State(s) reshored to: | SC |
If relevant, work nearshored to: | - |
Industry(ies): | Hobbies (subset of Miscelaneous) |
Product(s) reshored | carbon fiber bicycles |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Image/brand, Lead time/Time to market, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Skilled workforce availability/training, Set-Aside grant to Spartanburg County to assist |
Government Incentive dollar amount: | 400,000 |