Arizona KOREPlex Battery Manufacturing Plant

URLhttps://www.americanprogress.org/article/arizona-k
SourceCap 20
Date Published01/29/2024

Additional Reshoring Information:

Company/Division name KORE Power
Parent companyKORE Power
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):3000
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2024
Capital investment ($):1200
City reshored to:Buckeye
State(s) reshored to:AZ
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
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Govt. Policy and subsidies, Higher productivity, Image/brand, Infrastructure, Lead time/Time to market, Proximity to customers/market, Skilled workforce availability/training, Federal Loan
Government Incentive dollar amount:$850mil
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