Company/Division name | Fortescue |
Parent company | Fortescue |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 600 |
Year reshoring announced: | 2024 |
Year reshoring implemented or to be implemented: | 2025 |
Capital investment ($): | 35 |
Country(ies) from which reshored: | Australia |
City reshored to: | Detroit |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | EV Batteries |
What non-domestic negative factors made offshoring less attractive? | Green considerations, Supply chain interruption |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Govt. Policy and subsidies, Image/brand, Proximity to customers/market, Skilled workforce availability/training, MI Biz Grant, State Services exempt, tax cap, IRA |
Government Incentive dollar amount: | $9mil, $1,300,950, $2,274,413, respectivly |