Company/Division name | Mitsubishi Electric Cooling & Heating |
Parent company | Mitsubishi Corporation |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Year reshoring announced: | 2023 |
Capital investment ($): | 50 |
City reshored to: | None listed |
State(s) reshored to: | KY |
If relevant, work nearshored to: | - |
Industry(ies): | Machinery |
Product(s) reshored | High-Efficiency Heat Pump Compressors |
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: | $50,000,000 |