Company/Division name | Vecima Networks Inc. |
Parent company | MARA Technologies USA, Inc. |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 100 |
Year reshoring announced: | 2024 |
Domestically, the work will be done: | Outsourced |
Country(ies) from which reshored: | Canada |
City reshored to: | Holly |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | fiber optic products |
What domestic positive factors made reshoring more attractive? | Govt. Policy and subsidies, Proximity to customers/market |