Company/Division name | K&B Industries |
Parent company | K&B Machine Works |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 70 |
Year reshoring announced: | 2023 |
Year reshoring implemented or to be implemented: | 2023 |
Capital investment ($): | 12 |
City reshored to: | Terrebonne Parish |
State(s) reshored to: | LA |
If relevant, work nearshored to: | - |
Industry(ies): | Computer & Electronic Products |
Product(s) reshored | semiconductors chips |
What domestic positive factors made reshoring more attractive? | Automation/technology, Better Control of Process/Delivery/Factory, Customization/Flexibility, Government Incentives, Govt. Policy and subsidies, Higher productivity, Skilled workforce availability/training, Under-utilized capacity, CHIP and local state incentives |
Government Incentive dollar amount: | State incentive: $480,000 |