Company/Division name | Volvo |
Parent company | Volvo |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 1300 |
Country(ies) from which reshored: | Sweden |
City reshored to: | Ridgeville |
State(s) reshored to: | SC |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | EV Automobiles |
What non-domestic negative factors made offshoring less attractive? | Green considerations |
What domestic positive factors made reshoring more attractive? | Govt. Policy and subsidies, Proximity to customers/market, Skilled workforce availability/training, IRA and county "fee-in-lieu-of-tax agreements" |