Over the past year, the reshoring industry has grown significantly from 10,000 jobs in 2010 to 350,000+ jobs in 2022. Hundreds of billions of dollars have been made available for the reshoring of specific products and industries due to an unprecedented surge of industrial policies, including the 2021 Infrastructure Investment and Jobs Act, the 2022 CHIPS and Science Act, and the Inflation Reduction Act (IRA).
These new laws seek to strengthen U.S. supply chains and have further accelerated the reshoring trend. Watch Baker Tilly’s Bryan Halpin, AMT’s Amber Thomas, and Founder of Reshoring Initiative Harry Moser provide their perspectives during this on-demand webinar. Brian, Amber and Harry briefly review the reshoring trends, the impacts of these laws on reshoring and how manufacturers can best benefit from them. For many companies, the largest opportunities are with the Inflation Reduction Act (IRA). Types of eligible components include:
Listen to this on-demand webinar to understand which credits and incentives manufacturers can benefit from.