Company/Division name | Hota Industrial Mfg. Co |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2023 |
Year reshoring implemented or to be implemented: | 2025 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 99 |
Country(ies) from which reshored: | Taiwan, Province of China |
City reshored to: | Santa Teresa |
State(s) reshored to: | NM |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | auto components for Tesla |
What non-domestic negative factors made offshoring less attractive? | Supply chain interruption |
What domestic positive factors made reshoring more attractive? | Government Incentives, Infrastructure, Proximity to customers/market |
Government Incentive dollar amount: | $3 million |