Swiss company plans solar cell manufacturing facility in Colorado Springs with more than 350 jobs

URLhttps://gazette.com/business/swiss-company-plans-s
SourceThe Gazette
Date Published07/24/2023
Author NameRich Laden

Additional Reshoring Information:

Company/Division name Meyer Burger,
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):350
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2028
Domestically, the work will be done:In-house
Capital investment ($):400
Country(ies) from which reshored:Switzerland
City reshored to:Colorado Springs
State(s) reshored to:CO
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsolar cells
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies, Infrastructure, Skilled workforce availability/training, Under-utilized capacity
Government Incentive dollar amount:$1.4 billion + 390 million
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