Outsourcing comes home

This article suggests the tide may be starting to turn on the loss of manufacturing jobs to overseas factories. A Wisconsin cookware company is starting to bring jobs back to the Midwest because of rising labor costs overseas and drastic increases in the cost of shipping.

The change also highlights the need for economic developers to roll up their sleeves and talk to every company already in their region, because most of the new jobs will be coming from those existing companies, rather than from relocating businesses. Some of the questions that economic developers should be asking:

  • How many jobs do you currently support overseas?
  • What would it take to bring some of those jobs back home?
  • What kinds of job skills would those workers need?
  • Are there disincentives that local and regional governments could address to make it easier and more cost-effective to bring jobs back home?

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