Electrovaya Secures $51M For Ellicott Site

URLhttps://www.post-journal.com/news/top-stories/2024
SourceThe Post Journal
Date Published11/15/2024
Author NameJohn D’Agostino

Additional Reshoring Information:

Company/Division name Electrovaya, Inc.
Parent companyElectrovaya, Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):250
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2024
City reshored to:Ellicott
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredLithium Iron Battery
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Govt. Policy and subsidies, Impact on domestic economy, Infrastructure, Lean/other business process improvement techniques, Proximity to customers/market
Government Incentive dollar amount:50,800,000
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