Governor Cuomo Announces Expansion of Pharmaceutical Plant in Tonawanda

URLhttps://www.governor.ny.gov/news/governor-cuomo-an
Source
Date Published01/26/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Pine Pharmaceuticals LLC
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):40
Year reshoring announced:2021
Domestically, the work will be done:In-house
Capital investment ($):$8.6
City reshored to:Tonawanda
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredpharmaceuticals
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy, covid-19
Government Incentive dollar amount:$650,000
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