Moley Magnetics Reshores Jobs From Italy to Lockport, New York

SourceArea Development
Date Published02/16/2016
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Parent companyMoley Magnetics
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):60
Year reshoring announced:2016
Year reshoring implemented or to be implemented:2020
Domestically, the work will be done:In-house
Capital investment ($):2.1
Country(ies) from which reshored:Italy
City reshored to:Rockport
State(s) reshored to:NY
If relevant, work nearshored to:-
Product(s) reshoredHeavy duty commercial construction equipment
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$900,000
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