EV battery manufacturing center coming to Milwaukee Junction

URLhttps://detroit.urbanize.city/post/ev-battery-manu
SourceUrbanize
Date Published01/23/2024
Author NameROBIN RUNYAN

Additional Reshoring Information:

Company/Division name Fortescue
Parent companyFortescue
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) reshoredEV 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
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