Company/Division name | LS Cable & System |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 330 |
Year reshoring announced: | 2024 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 681 |
Country(ies) from which reshored: | Korea, South |
City reshored to: | Chesapeake |
State(s) reshored to: | VA |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | submarine cables |
What domestic positive factors made reshoring more attractive? | Government Incentives |
Government Incentive dollar amount: | $13.2 million grant |