Company/Division name | Ice Air |
Parent company | Ice Air |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Year reshoring announced: | 2023 |
Capital investment ($): | 17.6 |
City reshored to: | Spartanburg |
State(s) reshored to: | SC |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | high-efficiency electric heat pump technology |
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? | 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: | $17,613,002 |