Company/Division name | Framatome |
Parent company | Électricité de France, Mitsubishi, Assystem |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 515 |
Year reshoring announced: | 2023 |
Capital investment ($): | 49.4 |
Country(ies) from which reshored: | France |
City reshored to: | Lynchburg |
State(s) reshored to: | VA |
If relevant, work nearshored to: | - |
Industry(ies): | Chemicals, Electrical Equipment, Appliances & Components, Machinery |
Product(s) reshored | components, fuel, controls for nuclear power |
What non-domestic negative factors made offshoring less attractive? | Green considerations |
What domestic positive factors made reshoring more attractive? | Govt. Policy and subsidies, Proximity to customers/market, Skilled workforce availability/training, Commonwealth’s Opportunity Fund, Job Tax Credits |
Government Incentive dollar amount: | $5mil |