New Balance advances plan for sixth New England factory

SourceThe Boston Globe
Date Published06/19/2019
Author NameJon Chesto
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name New Balance
Parent companyNew 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) reshoredshoes
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
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