Louisiana board approves $80 million tax break for EV battery chemical plant with 9 permanent jobs

URLhttps://lailluminator.com/2023/12/08/ev-battery-2/
SourceLouisiana Illuminator
Date Published12/08/2023
Author NameWesley Muller

Additional Reshoring Information:

Company/Division name UBE Corp.
Parent companyUBE Corp.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):309
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2026
Capital investment ($):80
Country(ies) from which reshored:Japan
City reshored to:Jefferson Parish
State(s) reshored to:LA
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredchemical solvents for electric vehicle batterie
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$80 M tax break under the Industrial Tax Exemption
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