PRINCO Plans Norfolk, Virginia, Healthcare Products Manufacturing Complex

URLhttps://www.areadevelopment.com/newsItems/2-22-202
SourceArea Development
Date Published02/22/2023

Additional Reshoring Information:

Company/Division name PRINCO LLC
Parent companyPremier Inc and Vario Labs LLC
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):284
Year reshoring announced:2023
Domestically, the work will be done:In-house
Capital investment ($):18.1
City reshored to:Norfolk
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Medical Equipment & Supplies
Product(s) reshoredhealthcare products (incontinence pads)
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market, Skilled workforce availability/training
Government Incentive dollar amount:$50,000
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