IEC Electronics Corporation Builds Manufacturing Plant in Newark, New York

URLhttps://www.areadevelopment.com/newsItems/6-10-201
SourceArea Development
Date Published06/10/2019
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name IEC Electronics Corp
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):362
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2020
Domestically, the work will be done:In-house
Capital investment ($):22
City reshored to:Newark
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredelectronic manufacturing solutions
What domestic positive factors made reshoring more attractive?Automation/technology, Eco-system synergies, Government Incentives
Government Incentive dollar amount:$5,670,000
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