Biden-Harris Administration Announces $169 Million to Accelerate Electric Heat Pump Manufacturing as Part of Investing in America Agenda

URLhttps://www.energy.gov/articles/biden-harris-admin
SourceEnergy.gov
Date Published11/17/2023

Additional Reshoring Information:

Company/Division name Honeywell International Inc.
Parent companyHoneywell International Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):50
Year reshoring announced:2023
Capital investment ($):36
City reshored to:Geismar
State(s) reshored to:LA
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshorednew heat pump refrigerant
What non-domestic negative factors made offshoring less attractive?Green considerations, Social/ethical concerns, Supply chain interruption
What domestic positive factors made reshoring more attractive?Customization/Flexibility, Government Incentives, Higher productivity, Impact on domestic economy, Proximity to customers/market, Skilled workforce availability/training, Defense Production Act Heat Pump Program
Government Incentive dollar amount:15
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