A pair of beverage companies to invest $740 million, bring 400 jobs to Charlotte area

URLhttps://www.charlotteobserver.com/news/business/ar
SourceThe Charlotte Observer
Date Published07/14/2021
Author NameCatherine Muccigrosso
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Rauch
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):323
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2027
Domestically, the work will be done:In-house
Country(ies) from which reshored:Austria
City reshored to:Concord
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Food & Beverage
Product(s) reshorednonalcoholic beverages
What domestic positive factors made reshoring more attractive?Government Incentives, Under-utilized capacity
Government Incentive dollar amount:$3 million
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