Last September, Otis Elevator Co. announced that it was moving production from its factory in Nogales, Mexico, to a new, $40 million assembly plant in Florence, SC. The new facility will bring more than 360 new jobs to South Carolina.
The move is good news for South Carolina—where the unemployment rate stood at 9.9 percent in November 2011—and, indeed, for the country as a whole. Otis is one of a growing number of manufacturers that have decided to bring production back to the United States from overseas.