Planning $175M investment in Spartanburg, Greenville counties, Michelin seeks to renew tax breaks

SourceGo Upstate
Date Published11/17/2020
Author NameBob Montgomery
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Michelin
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2020
Domestically, the work will be done:In-house
Capital investment ($):75
Country(ies) from which reshored:France
City reshored to:Spartanburg County
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products
Product(s) reshoredtires
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:reduced property tax rate of 6 percent
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