Company aims to produce hemp-based batteries in Portage as Energizer prepares to leave city

URLhttps://www.jsonline.com/story/money/business/ener
SourceMilwaukee Journal Sentinel
Date Published01/16/2024
Author NameKarl Ebert

Additional Reshoring Information:

Company/Division name Wisconsin Battery
Parent companyWisconsin Battery
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2025
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredHemp Based EV batteries
What non-domestic negative factors made offshoring less attractive?Green considerations, Social/ethical concerns
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies, Higher productivity, Image/brand, Lead time/Time to market, Lower real-estate/construction cost, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Raw Materials Cost, Skilled workforce availability/training, Under-utilized capacity, $1 location purchase price, IRA
Government Incentive dollar amount:$20 million in federal industrial revenue bonds
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