U.S. DEPARTMENT OF COMMERCE INVESTS $5.3 MILLION TO HELP ESTABLISH NEW MANUFACTURING AND DATA PROCESSING INDUSTRIAL PARK IN MILLINOCKET, MAINE

URLhttps://www.eda.gov/news/press-releases/2018/09/27
SourceEDA Newsroom
Date Published09/27/2018
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Our Katahdin of Millinocket
Parent companyOur Katahdin of Millinocket
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):115
Year reshoring announced:2018
Capital investment ($):205
City reshored to:Millinocket
State(s) reshored to:ME
If relevant, work nearshored to:-
Industry(ies):Wood & Paper Products
Product(s) reshoredWood-product manufacturing ad data processing
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy, Other, Economic stabilization and regional revitalization
Government Incentive dollar amount:$5.3 million grant
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