Volvo makes record investment in Pulaski County as it builds new facility, adds 777 jobs

SourceRoanoke Times
Date Published06/28/2019
Author NameJacob Demmitt
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Volvo
Parent companyVolvo
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):777
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2025
Capital investment ($):400
Country(ies) from which reshored:Sweden
City reshored to:Dublin
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredvolvo trucks
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Infrastructure, Lower real-estate/construction cost, Skilled workforce availability/training, Under-utilized capacity
Government Incentive dollar amount:16.5
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