Danish-Based Lynddahl Telecom America Plans Belmont, North Carolina, Operations

URLhttps://www.areadevelopment.com/newsItems/1-11-202
SourceArea Development
Date Published01/11/2024

Additional Reshoring Information:

Company/Division name Lynddahl Telecom America
Parent companyLynddahl Telecom
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):54
Year reshoring announced:2024
Capital investment ($):5.6
Country(ies) from which reshored:Norway
City reshored to:Belmont
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products
Product(s) reshoredduct solutions company for fiber optics
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market, Skilled workforce availability/training, One North Carolina Fund performance-based grant
Government Incentive dollar amount:$100k
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