Company/Division name | Magna International |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 480 |
Year reshoring announced: | 2016 |
Year reshoring implemented or to be implemented: | 2017 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 29 |
Country(ies) from which reshored: | Canada |
City reshored to: | Spartanburg County |
State(s) reshored to: | SC |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | seating for BMW |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Proximity to customers/market |
Government Incentive dollar amount: | "fees-in-lieu-of-taxes agreement" |