Iredell commissioners approve tax incentives for Yanjan USA and ZND U.S.

URLhttps://www.iredellfreenews.com/news-features/2021
SourceIREDELL FREE NEWS
Date Published08/04/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Yanjan USA, LLC
Parent companyXiamen Yanjan New Material Co. Ltd.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):50
Year reshoring announced:2021
Domestically, the work will be done:In-house
Capital investment ($):5.2
Country(ies) from which reshored:China
City reshored to:Statesville
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Apparel & Textiles
Product(s) reshoredNonwoven Fabrics
What domestic positive factors made reshoring more attractive?Government Incentives, Skilled workforce availability/training
Government Incentive dollar amount:$85,844
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