Netherlands-Based Voortman Steel Machinery Expands Monee, Illinois, Operations

URLhttps://www.areadevelopment.com/newsItems/11-19-20
Sourcearea development
Date Published11/19/2024

Additional Reshoring Information:

Company/Division name Voortman Steel Machinery
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):51
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):51.4
Country(ies) from which reshored:Netherlands
City reshored to:Monee
State(s) reshored to:IL
If relevant, work nearshored to:-
Industry(ies):Machinery
Product(s) reshoredCNC steel processing machinery
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy
Government Incentive dollar amount:$10 tax credit
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