Hochul: $50 million from Irish manufacturer Niacet Specialty Chemicals to strengthen semiconductor supply chain in Niagara Falls

URLhttps://www.wnypapers.com/news/article/current/202
Sourcewnypapers.com
Date Published05/17/2024

Additional Reshoring Information:

Company/Division name Niacet Specialty Chemicals
Parent companyKerry Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):36
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):50
Country(ies) from which reshored:Ireland
City reshored to:Niagara Falls
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredchemicals for semiconductor manufacturing
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
Government Incentive dollar amount:$3 million
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