Grenova Expands Richmond, Virginia, Operations

URLhttps://www.areadevelopment.com/newsitems/4-21-202
SourceArea Development
Date Published04/21/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Grenova Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):250
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2021
Capital investment ($):10.6
City reshored to:Richmond
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products, Medical Equipment & Supplies
Product(s) reshoredTipnovus, pipette cleaning device
What domestic positive factors made reshoring more attractive?Government Incentives, Lead time/Time to market, Under-utilized capacity, Other, Covid-19, import replacement
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