3 downstate companies have signed contracts to receive tax credits, create and maintain jobs

SourceNPR Illinois
Date Published07/27/2023
Author NameJerry Nowicki, Molly Parker

Additional Reshoring Information:

Company/Division name Prysmian Group
Parent companyPrysmian Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):80
Year reshoring announced:2023
Capital investment ($):64
Country(ies) from which reshored:Italy
City reshored to:Du Quoin
State(s) reshored to:IL
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredcable manuf. for energy storage, eco & EV tech
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Government Incentives, Labor concessions, Reimagining Energy and Vehicles Act tax credits
Government Incentive dollar amount:$17.7mil
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