Company/Division name | Nova Steel USA Inc. |
Parent company | Nova Steel |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 110 |
Year reshoring announced: | 2020 |
Year reshoring implemented or to be implemented: | 2021 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 70 |
Country(ies) from which reshored: | Canada |
City reshored to: | Bowling Green |
State(s) reshored to: | KY |
If relevant, work nearshored to: | - |
Industry(ies): | Castings/Foundries - Subset of Primary Metal Products, Primary Metal Products (not including Foundries and Castings) |
Product(s) reshored | tube manufacturing, automotive parts |
What non-domestic negative factors made offshoring less attractive? | Tariffs |
What domestic positive factors made reshoring more attractive? | Customer responsiveness improvement, Government Incentives, Impact on domestic economy, Skilled workforce availability/training, Under-utilized capacity, Other, tariffs |
Government Incentive dollar amount: | $2,550,000 |