Company/Division name | Siemens |
Parent company | Siemens AG |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 700 |
Year reshoring announced: | 2023 |
Year reshoring implemented or to be implemented: | 2024 |
Capital investment ($): | 150 |
Country(ies) from which reshored: | Germany |
City reshored to: | Fort Worth |
State(s) reshored to: | TX |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | low-voltage switchgear and switchboards |
What non-domestic negative factors made offshoring less attractive? | Green considerations, Social/ethical concerns |
What domestic positive factors made reshoring more attractive? | Government Incentives, Skilled workforce availability/training, City tax abatement |
Government Incentive dollar amount: | $6 mil |