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 Cabot Corporation
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):50
City reshored to:Wayne County
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, Nonmetallic Mineral Products
Product(s) reshoredlithium for batteries
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$60 million
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