Senators Stabenow and Peters Announce $355 Million in Funding for Michigan’s Battery Manufacturing Sector

URLhttps://www.stabenow.senate.gov/news/senators-stab
Sourcestabenow.senate.gov
Date Published09/20/2024

Additional Reshoring Information:

Company/Division name Revex Technologies Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):145
City reshored to:Upper Peninsula
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Castings/Foundries - Subset of Primary Metal Products, Electrical Equipment, Appliances & Components, Primary Metal Products (not including Foundries and Castings)
Product(s) reshorednickel for batteries
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Government Incentives, Skilled workforce availability/training
Government Incentive dollar amount:$145 million
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