Espey hires 44, spends $1.9 million to upgrade Saratoga factory

SourceAlbany Business Review
Date Published10/18/2018
Author NameRobin K Cooper
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Espey Electronics & Manufacturing Corp.
Parent companyEspey Electronics & Manufacturing Corp.
Type of work Manufacturing
If manufacturing, is the company a contract manufacturer?Yes
Reshoring category:Reshoring
Total number of jobs (added or to be added):30
Year reshoring announced:2018
Capital investment ($):1.9
City reshored to:Saratoga Springs
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredpower supplies
What domestic positive factors made reshoring more attractive?Government Incentives, Infrastructure, Image/brand, Other, tax rate drop
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