Company/Division name | Forming USA |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 50 |
Year reshoring announced: | 2024 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 15 |
Country(ies) from which reshored: | Switzerland |
City reshored to: | Township of Schoolcraft |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Castings/Foundries - Subset of Primary Metal Products, Primary Metal Products (not including Foundries and Castings) |
Product(s) reshored | cold-rolled steel profiles |
What domestic positive factors made reshoring more attractive? | Government Incentives, Impact on domestic economy, Skilled workforce availability/training |
Government Incentive dollar amount: | $500,000 |