Torc Robotics Will Create 350 New Jobs In Virginia

URLhttps://businessfacilities.com/2020/08/torc-roboti
SourceBusiness Facilities
Date Published08/27/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Torc Robotics
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):350
Year reshoring announced:2020
Domestically, the work will be done:In-house
Capital investment ($):8.5
City reshored to:Blacksburg
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredself-driving trucks
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Skilled workforce availability/training
Government Incentive dollar amount:$4.3 million
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