Company/Division name | Alevo |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 415 |
Year reshoring announced: | 2017 |
Year reshoring implemented or to be implemented: | 2017 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 251.5 |
Country(ies) from which reshored: | Philippines |
City reshored to: | Concord |
State(s) reshored to: | NC |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | GridBank Lithium-Ion battery storage system |
What domestic positive factors made reshoring more attractive? | Government Incentives, Skilled workforce availability/training |
Government Incentive dollar amount: | 13,177,173 |