Company/Division name | ELDOR |
Parent company | Eldor Corp |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 350 |
Year reshoring announced: | 2016 |
Year reshoring implemented or to be implemented: | 2022 |
Capital investment ($): | 75 |
Country(ies) from which reshored: | Italy |
City reshored to: | Botetourt County |
State(s) reshored to: | VA |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | auto systems |
What domestic positive factors made reshoring more attractive? | Automation/technology, Eco-system synergies, Government Incentives, Infrastructure, Impact on domestic economy, Manufacturing/engineering joint innovation (R&D), Skilled workforce availability/training |
Government Incentive dollar amount: | 1.3 |