Zero Zone, Transco Railway, and Williamsburg Manufacturing Plan Iowa Investments

URLhttps://www.areadevelopment.com/newsitems/10-18-20
SourceArea Development
Date Published10/18/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Williamsburg Manufacturing
Parent companyMagna International
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):521
Year reshoring announced:2021
Domestically, the work will be done:In-house
Capital investment ($):46
Country(ies) from which reshored:Canada
City reshored to:Williamsburg
State(s) reshored to:IA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredauto parts
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$250,000
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