Here’s how many jobs Cree’s $1B high-tech factory near Utica will create and how much they’ll pay

Date Published09/23/2019
Author NameRick Moriarty
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Cree, Inc.
Parent companyCree, Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):614
Year reshoring announced:2019
Capital investment ($):1,000
City reshored to:Marcy
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsilicon carbide wafers
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy, Skilled workforce availability/training, Other, partnership with State University of New York
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