reindustrialization

[ree-in-duhs-tree-uh-li-zey-shuh n]
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noun

the revitalization of an industry or industrial society through government aid and tax incentives, modernization of factories and machinery, etc.

Origin of reindustrialization

re- + industrialization
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

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Contemporary Examples of reindustrialization