Company/Division name | New Balance |
Parent company | New Balance |
Type of work | Manufacturing |
If manufacturing, is the company an OEM? | Yes |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 60 |
Year reshoring implemented or to be implemented: | 2019 |
Capital investment ($): | 33 |
City reshored to: | Methuen |
State(s) reshored to: | MA |
If relevant, work nearshored to: | - |
Industry(ies): | Apparel & Textiles |
Product(s) reshored | shoes |
What domestic positive factors made reshoring more attractive? | Automation/technology, Customization/Flexibility, Eco-system synergies, Government Incentives, Infrastructure, Impact on domestic economy, Lead time/Time to market, Proximity to customers/market |
Government Incentive dollar amount: | 1.2 |