Company/Division name | Spiber America LLC |
Parent company | Spiber Inc. |
Type of work | Manufacturing |
If manufacturing, is the company an OEM? | Yes |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2020 |
Year reshoring implemented or to be implemented: | 2020 |
Domestically, the work will be done: | Both |
Capital investment ($): | 101.4 |
Country(ies) from which reshored: | Japan |
City reshored to: | Clinton |
State(s) reshored to: | IA |
If relevant, work nearshored to: | - |
Industry(ies): | Chemicals |
Product(s) reshored | protein polymers, lab-grown proteins, spider silk |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Impact on domestic economy, Skilled workforce availability/training, Under-utilized capacity |
Government Incentive dollar amount: | $1 million |