Company/Division name | Midea America Corp. |
Parent company | Midea |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2023 |
Country(ies) from which reshored: | China |
City reshored to: | Parsippany |
State(s) reshored to: | NJ |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | Heat Pumps |
What domestic positive factors made reshoring more attractive? | Government Incentives, Splitting a $70mil contract with NY |
Government Incentive dollar amount: | $70mil |