Small Towns Chase America’s $3 Trillion Climate Gold Rush

URLhttps://www.wsj.com/articles/climate-legislation-i
SourceThe Wall Street Journal
Date Published04/23/2023
Author NamePhred Dvorak and Amrith Ramkumar
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Kontrolmatik Technology
Parent companyKontrolmatik Teknoloji
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2023
Capital investment ($):279
Country(ies) from which reshored:Turkey
City reshored to:Colleton County
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredbattery, mechanical and electrical installat
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:incentive package worth an estimated $127 millon
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