High hopes for high frequency: CorePower Magnetics to scale up manufacturing with federal grant

URLhttps://www.post-gazette.com/business/powersource/
SourcePittsburgh Post-Gazette
Date Published11/29/2023
Author NameAnya Litvak

Additional Reshoring Information:

Company/Division name CorePower
Parent companyCorePower
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):50
Year reshoring announced:2023
Capital investment ($):20
City reshored to:Pittsburgh
State(s) reshored to:PA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredMagnetic metal tape for electric components
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$20 million grant from the U.S. Department of Ener
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