Nova Steel USA to create 110 jobs with Bowling Green tube mill

URLhttps://www.wtvq.com/2020/10/29/nova-steel-usa-to-
SourceABC36 WTVQ
Date Published10/29/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Nova Steel USA Inc.
Parent companyNova 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) reshoredtube 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
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