Skip to main content.
Search
  • Home
  • News
  • Contact
  • EXPAND Greater Springfield Logo
  • Twitter
  • Facebook
  • Linkedin
    • About
      • Staff
      • Board of Directors
      • History
      • Major Contributors
      • Contact Us
    • Life
    • Business
      • HITS
      • Entrepreneurs
      • SizeUp Small Business Advisor
      • Shop Local
    • Data Hub
      • Accessibility and Infrastructure
      • Focused Industries
      • Business Search
      • Community Comparison
      • Community Profile
      • Consumer Expenses
      • Demographics
      • Maps & Data Room
      • Labor Force
      • Top Employers
      • Occupation Data
    • Site Selection
      • Property Search & Analysis
      • Industrial and Corporate Parks
      • Incentives
      • SizeUp
    • Workforce & Talent
      • Training and Development
      • College and Career Partnerships
      • Magnify
      • Colleges and Universities
      • Education Attainment
      • Wage and Benefit Studies
      • Find Local Jobs
    • News & Media
      • Video Gallery
    news and resources
    1. Home
    2. News & Media
    3. Front Line: Job Creation Through Reshoring
    Add to Report View Custom Report
    Front Line: Job Creation Through Reshoring main photo

    Front Line: Job Creation Through Reshoring

    March 16, 2021

    Back in the 1980s, the term “offshoring” became a business buzzword as more and more U.S. companies moved manufacturing to foreign countries, typically to save on labor costs. In recent years, “reshoring” has been added to the lexicon as companies decide to bring manufacturing back to the U.S., for various reasons.In 2020, reshoring created more U.S. jobs than foreign direct investment (FDI) for the first time in seven years, according to data collected by the Reshoring Initiative. 

    In 2020, U.S. companies reshored nearly 69,000 manufacturing positions, while greenfield investment in the same industries created fewer than 42,000 jobs, according to the Initiative. Reshored jobs were up nearly 45 percent last year, with FDI jobs down 40 percent. The report is based on job announcements and annualized data from the first half of 2020.

    Reshoring Initiative founder and President Harry Moser said the Covid-19 pandemic accelerated a trend that had already begun, with the pandemic a motivating factor in 60 percent of cases since March 2020. Medical equipment reshoring cases in the first six months of 2020 were double the full-year 2019 figure. Longer-term, the most active industries in reshoring have been transportation equipment, machinery, electronic products, and appliances.

    Read full article.

     

    Share

    Why Ohio?

    Real Gross Domestic Product (GDP) in 2021

    Real Gross Domestic Product (GDP) in 2021

    One Day’s Drive from 60% of U.S. and Canadian Populations

    One Day’s Drive from 60% of U.S. and Canadian Populations

    Top-10 Cities for Millennial Homebuyers

    Top-10 Cities for Millennial Homebuyers

    Manufacturing Workforce in the U.S.

    Manufacturing Workforce in the U.S.

    Chief Executive Magazine’s 50 Best States for Business

    Chief Executive Magazine’s 50 Best States for Business

    State Tax on Corporate Income

    State Tax on Corporate Income

    • Video Gallery
    EXPAND Greater Springfield Icon
    EXPAND Greater Springfield 20 South Limestone Street, Suite 100 Springfield, Ohio 45502
    Phone (800) 803-1553 Fax (937) 325-8765 Email Contact Us
    click here for Greater Springfield Partnership
    click here for Clark County, OH
    click here for the City of Springfield, OH
  • Contact
  • Home
  • Site Map
  • Public Records Policy
  • © 2025 EXPAND Greater Springfield. All rights reserved. Economic Development Websites by Golden Shovel Agency.