MANUFACTURING START-UP PICKS RICHMOND FOR $15.8M PLANT

URLhttps://www.buildingindiana.com/manufacturing-star
SourceBuilding Indianna
Date Published06/08/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Element 13 LLC
Parent companyElement 13 LLC
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):30
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2022
Capital investment ($):15.8
City reshored to:Richmond
State(s) reshored to:IN
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredaluminum billet
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives
Government Incentive dollar amount:.15
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