Company/Division name | Niron Magnetics |
Parent company | Niron Magnetics |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 175 |
Year reshoring announced: | 2025 |
Year reshoring implemented or to be implemented: | 2026 |
City reshored to: | Sartell |
State(s) reshored to: | MN |
If relevant, work nearshored to: | - |
Industry(ies): | Computer & Electronic Products |
Product(s) reshored | Rare-Earth-Free Permanent Magnets |
What non-domestic negative factors made offshoring less attractive? | Green considerations |
What domestic positive factors made reshoring more attractive? | Government Incentives |
Government Incentive dollar amount: | 52,000,000 |