Kentucky announces $900M of new project investments

URLhttps://theconstructionbroadsheet.com/kentucky-ann
SourceThe Construction Broadsheet
Date Published03/31/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Microvast Advanced Membrane Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):562
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2024
Domestically, the work will be done:In-house
Capital investment ($):504
City reshored to:Hopkinsville
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredthin polyaramid base film
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Government Incentives, Infrastructure Investment
Government Incentive dollar amount:$200 million DoD grant, $21 tax breaks
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