Italy-Based ELDOR Corp Plans $75 Million Production Plant In Botetourt County, Virginia

URLhttp://www.areadevelopment.com/newsItems/3-17-2016
SourceArea Development
Date Published03/17/2016
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name ELDOR
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Transplant
Total number of jobs (added or to be added):350
Year reshoring announced:2016
Domestically, the work will be done:In-house
Capital investment ($):75
Country(ies) from which reshored:Italy
City reshored to:Botetourt County
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredCombustion and Electrical Systems
What domestic positive factors made reshoring more attractive?Government Incentives, Skilled workforce availability/training
Government Incentive dollar amount:3.2 Million
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