Company grows thanks to $15.4M investment

URLhttps://www.tribtoday.com/news/local-news/2024/07/
SourceTribune Chronicle
Date Published07/27/2024
Author NameRon Selak Jr.

Additional Reshoring Information:

Company/Division name Ursa Major
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):15
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):14.5
City reshored to:Youngstown
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredliquid rocket engines and solid rocket motors
What domestic positive factors made reshoring more attractive?3D Printing/Additive Manufacturing, Eco-system synergies, Government Incentives, Higher productivity, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Skilled workforce availability/training
Government Incentive dollar amount:$4 million
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