County considers FILOT for $42M Volvo Cars USA project

SourceGSA Business Report
Date Published09/20/2022
Author NameRoss Norton
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Volvo
Parent companyVolvo Group of Sweden
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Capital investment ($):42
Country(ies) from which reshored:Sweden
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredtooling facility, mold preparation
What domestic positive factors made reshoring more attractive?Under-utilized capacity
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