Greater Cincinnati firm reveals $90M expansion, plan to hire 350

SourceCincinnati Business Courier
Date Published04/10/2018
Author NameBarrett Brunsman
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Parent companyFesto US
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):350
Year reshoring announced:2018
Capital investment ($):90
Country(ies) from which reshored:Germany
City reshored to:Mason
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredpneumatic and electrical automation technology
What domestic positive factors made reshoring more attractive?Automation/technology, Government Incentives, Infrastructure, Proximity to customers/market, Skilled workforce availability/training
Government Incentive dollar amount:12
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