Parent company | Moley Magnetics |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 60 |
Year reshoring announced: | 2016 |
Year reshoring implemented or to be implemented: | 2020 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 2.1 |
Country(ies) from which reshored: | Italy |
City reshored to: | Rockport |
State(s) reshored to: | NY |
If relevant, work nearshored to: | - |
Industry(ies): | Machinery |
Product(s) reshored | Heavy duty commercial construction equipment |
What domestic positive factors made reshoring more attractive? | Government Incentives |
Government Incentive dollar amount: | $900,000 |