Company/Division name | Wisconsin Battery |
Parent company | Wisconsin 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) reshored | Hemp 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 |