Company/Division name | Kostal Kontakt Systems Inc. |
Parent company | Kostal Group |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 32 |
Year reshoring announced: | 2018 |
Year reshoring implemented or to be implemented: | 2022 |
Capital investment ($): | 57.8 |
Country(ies) from which reshored: | Germany |
City reshored to: | Rochester Hills |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | electrical components and connectors |
What domestic positive factors made reshoring more attractive? | Government Incentives |
Government Incentive dollar amount: | $320,000 grant plus a 50% property tax break |