German manufacturer planning $9M expansion in Dayton region

URLhttps://www.bizjournals.com/dayton/news/2023/04/12
SourceBizJournals
Date Published04/12/2023
Author NameNicole Mistretta
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name PVS Plastics Technology
Parent companyPVS Plastics Technology
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):26
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2024
Capital investment ($):9
Country(ies) from which reshored:Germany
City reshored to:Huber Heights
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products
Product(s) reshoredplastics fabrication
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Higher productivity, Impact on domestic economy, if approved, Ohio Development/Government Equity
Government Incentive dollar amount:$370,000
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