Japanese company chooses Clinton for its first U. S. facility

URLhttps://www.ourquadcities.com/news/local-news/japa
SourceOurQuadCities.com
Date Published11/20/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Spiber America LLC
Parent companySpiber 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) reshoredprotein 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
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