Biden administration proposes $3 million investment to help expand Powerex facility in Hempfield Township

URLhttps://www.cbsnews.com/pittsburgh/news/biden-admi
Source
Date Published11/08/2024
Author NameLauren Linder

Additional Reshoring Information:

Company/Division name Powerex
Parent companyPowerex
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):55
Year reshoring announced:2024
Capital investment ($):3
City reshored to:Hempfield Township
State(s) reshored to:PA
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductor parts
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Impact on domestic economy
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