Governor Cuomo Announces Moley Magnetics to Reshore More Than 40 Jobs in Western New York

SourceOffice of the Governor of the State of New York
Date Published02/16/2016
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Moley Magnetics
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):41
Year reshoring announced:2016
Domestically, the work will be done:In-house
Capital investment ($):2.1
Country(ies) from which reshored:Italy
City reshored to:Lockport
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products, Machinery
Product(s) reshoredHeavy Commercial Construction Equip & Supplier
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:900,000
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