Locations For The Biotech Industry: Microscopic Miracles

URLhttps://businessfacilities.com/2021/04/locations-f
SourceBusiness Facilities
Date Published04/28/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name HempRise
Parent companyGuilin Layn Natural Ingredients Corp.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):75
Year reshoring announced:2021
Domestically, the work will be done:In-house
Capital investment ($):70
Country(ies) from which reshored:China
City reshored to:Jeffersonville
State(s) reshored to:IN
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredCBD, hemp extracts
What domestic positive factors made reshoring more attractive?Infrastructure, Proximity to customers/market, Skilled workforce availability/training, Other, import replacement
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