Prolec GE USA Expands Caddo Parish, Louisiana, Electrical Transformer Manufacturing Facility

URLhttps://www.areadevelopment.com/newsItems/4-27-202
SourceArea Development
Date Published04/27/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name ProlecGE USA
Parent companyProlecGE with Xignux and General Electric
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):153
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2024
Capital investment ($):28.5
Country(ies) from which reshored:Mexico
City reshored to:Caddo Parish
State(s) reshored to:LA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredElectrical Transformers for Wind Turbines
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Infrastructure, LED FastStart, tax exemption, Jobs Program
Government Incentive dollar amount:500,000 initial grant
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