Governor Cooper Announces New Lithium-Ion Battery Plant Planned for Morrisville

URLhttps://www.commerce.nc.gov/news/press-releases/20
SourceDepartment of Commerce
Date Published11/14/2023

Additional Reshoring Information:

Company/Division name Forge Nano
Parent companyForge Nano
Reshoring category:Reshoring
Total number of jobs (added or to be added):204
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2026
Capital investment ($):165
City reshored to:Morrisville
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredLI Battery
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Skilled workforce availability/training, IRA, Job Development Investment Grant and others
Government Incentive dollar amount:$1,525,500 in state grants
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