Senate Approves $20M to Support Production of New Medical Isotope in US

URLhttp://www.beloitdailynews.com/news/20180625/senat
SourceBeloit Daily News
Date Published06/25/2018
Author NameAustin Montgomery
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name NorthStar Medical Radioisotopes
Parent companyNorthStar Medical Technologies, LLC
Type of work Manufacturing
Reshoring category:Reshoring
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring implemented or to be implemented:2019
Offshore, work was done:Outsourced
Domestically, the work will be done:In-house
Country(ies) from which reshored:Netherlands
City reshored to:Beloit
State(s) reshored to:WI
If relevant, work nearshored to:-
Industry(ies):Medical Equipment & Supplies
Product(s) reshoredMolybdenum-99
What non-domestic negative factors made offshoring less attractive?Green considerations, Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Automation/technology, Customer responsiveness improvement, Customization/Flexibility, Eco-system synergies, Government Incentives, Higher productivity, Image/brand, Lead time/Time to market, Lean/other business process improvement techniques, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Skilled workforce availability/training, Other
Government Incentive dollar amount:$50 million *
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