Italian Auto Parts Maker Planning Ankeny Manufacturing Site

URLhttps://whoradio.iheart.com/content/2023-05-12-ita
SourceWHO Newsradio 1040
Date Published05/12/2023

Additional Reshoring Information:

Company/Division name SPAL-USA, Inc
Parent companySPAL Automotive Srl.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):39
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2025
Capital investment ($):33.5
Country(ies) from which reshored:Italy
City reshored to:Ankeny
State(s) reshored to:IA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredauto parts
What domestic positive factors made reshoring more attractive?Automation/technology, Government Incentives, Under-utilized capacity
Government Incentive dollar amount:$200,000 forgivable loan and tax benefits
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