Canada-based company investing $3 million, creating 50 jobs in Henry County

URLhttp://wset.com/news/local/canada-based-company-in
Source13WSET.com
Date Published12/13/2016
Author NameElizabeth Tyree
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Novatech Group
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):50
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2016
Year reshoring implemented or to be implemented:2016
Offshore, work was done:In-house
Domestically, the work will be done:In-house
Capital investment ($):3
Country(ies) from which reshored:Canada
City reshored to:Henry County
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products
Product(s) reshoredpatio doors
What domestic positive factors made reshoring more attractive?Government Incentives, Infrastructure (transport, internet, power), Proximity to customers/market
Government Incentive dollar amount:130,000
Find Reshoring Articles