Company/Division name | Magna International |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 300 |
Year reshoring announced: | 2021 |
Year reshoring implemented or to be implemented: | 2026 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 70 |
Country(ies) from which reshored: | Canada |
City reshored to: | St. Clair |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | battery enclosures for Hummer EV |
What domestic positive factors made reshoring more attractive? | Government Incentives, Proximity to customers/market |
Government Incentive dollar amount: | $1.5 million state grant |