In case you missed it, this week Foxconn Technology Group announced the location where it will build a $10 billion state-of-the-art facility – the largest economic development project in state history. The LCD screen manufacturing plant will create 13,000 good-paying jobs and result in tens of thousands of additional jobs for Wisconsin’s hard-working families.
This historic investment is the result of Gov. Walker’s bold reforms that ensured Wisconsin is ready for a project of this magnitude.
Read more from the Milwaukee Business Journal here, or find excerpts below:
Foxconn selects Mount Pleasant site as location of $10 billion manufacturing plant
By Sean Ryan and Rich Kirchen
Milwaukee Business Journal
October 4, 2017
Foxconn Technology Group on Wednesday announced its plans to build a $10 billion production plant in Mount Pleasant, opening the door to the next stage of negotiations over the project.
Foxconn in July revealed that it had selected southeast Wisconsin for its first U.S. manufacturing plant after a national search. That plant will be the Taiwanese company’s main U.S. operation for making and distributing LCD screens.
The company said Wednesday its main plant will be bordered by Interstate 94, Braun Road, Highway H and Highway KR, on the southern border of Racine County in Mount Pleasant. …
Louis Woo, special assistant to Foxconn chairman and CEO Terry Gou, said Foxconn will seek partnerships with other southeastern Wisconsin companies to bring the latest technologies and best practices to its plant. That could include exploring advanced manufacturing, education, safety and security, and transportation innovation, including autonomous cars, he said.
“We are looking for partnerships,” he said. “That’s where the excitement is. It’s not just $10 billion. After we finish, there will be $30 billion, $40 billion in revenue in this great state.” …
Woo heaped special praise on Jenny Trick and the Racine County Economic Development Corp.
“They have been invaluable partners to bring us here today with you to make this announcement, and of course we have been thrilled and excited to form this exciting partnership with all of the folks that I have mentioned,” Woo said.
Foxconn said it expects to hire thousands of employees with an average salary of $53,000 per year. The company anticipates tapping 150 suppliers who will locate in Wisconsin, which will result in additional jobs and new tax base for the state. The project will need public infrastructure including water and sanitary sewer services, road improvements, electric and natural gas services, and fiber optic lines. …
Racine County Executive Jonathan Delagrave said he is “thrilled and so very proud that an international company of Foxconn’s magnitude has chosen to invest in Racine County.” He said Foxconn’s 20 million-square-foot plant wil be the largest in Wisconsin, and among the largest in the world.
“It establishes Wisconsin and Racine County in particular as the electronics manufacturing capital of North America,” he said. “We, Racine County, I know are ready for this once in a lifetime, transformational opportunity.”
David DeGroot, president of the village of Mount Pleasant, said the project will increase the middle class in Racine County.
“He (Gou) will also have to develop an entirely new supply chain to fill out the ecosystem that this unique opportunity brings us,” DeGroot said.
DeGroot said “this development will pay for itself” as Foxconn’s employees will generate demand to bring more housing, stores and restaurants. …