Auto Parts Manufacturing Mississippi Expands Production in Lee County, Mississippi

URLhttp://www.areadevelopment.com/newsItems/10-3-2018
SourceArea Development
Date Published10/03/2018
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Auto Parts Manufacturing Mississippi
Parent companyToyota Motor Company
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):450
Year reshoring announced:2018
Year reshoring implemented or to be implemented:2018
Capital investment ($):100
Country(ies) from which reshored:Japan
City reshored to:Blue Springs
State(s) reshored to:MS
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredAuto parts
What domestic positive factors made reshoring more attractive?Government Incentives, Higher productivity, Impact on domestic economy, Lead time/Time to market, Skilled workforce availability/training
Government Incentive dollar amount:Ad valorem tax exemptions
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