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reindustrialization

[ree-in-duhs-tree-uh-li-zey-shuh n] /ˌri ɪnˌdʌs tri ə lɪˈzeɪ ʃən/
noun
1.
the revitalization of an industry or industrial society through government aid and tax incentives, modernization of factories and machinery, etc.
Origin
re- + industrialization
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples for reindustrialization
  • reindustrialization employs three mechanisms: contracting, bartering, and leasing.
  • reindustrialization is essential to the success of the region in finding jobs to replace those being lost through downsizing.

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