Italy-based Veronesi Holding Plans Rockingham County, Virginia, U.S. Production Center

URLhttps://www.areadevelopment.com/newsitems/10-6-202
SourceArea Development
Date Published10/06/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Veronesi Holding S.p.A.
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):150
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2025
Domestically, the work will be done:In-house
Capital investment ($):100
Country(ies) from which reshored:Italy
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Food & Beverage
Product(s) reshoredcured meats
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy, Skilled workforce availability/training
Government Incentive dollar amount:$3.8 million
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