[Madison, Wis.] – In case you missed it, global manufacturer Foxconn announced that it would bring 13,000 new high-tech jobs – in addition to thousands of additional jobs through construction and other economic activity – to Wisconsin as part of a $10 billion investment. The plans will impact the entire state by transforming Wisconsin’s economy, spurring additional growth, and attracting more investment.
Marking the single largest economic development announcement in state history, the Foxconn news shows how Gov. Walker is moving Wisconsin forward and delivering results for hard-working families. The governor joined President Donald Trump, Vice President Mike Pence, Speaker Paul Ryan, U.S. Senator Ron Johnson, and others at the announcement at the White House.
Read the Wisconsin State Journal’s coverage of Foxconn here, or find excerpts below.
Foxconn to build $10B plant in Wisconsin employing up to 13,000
By Molly Beck and Mark Sommerhauser
Wisconsin State Journal
July 26, 2017
In what’s being called the largest economic development project in state history, Taiwanese electronics giant Foxconn plans to build a $10 billion plant in Wisconsin that would create liquid-crystal display panels and employ as many as 13,000 people.
The planned Wisconsin plant is expected to open in 2020 and be part of a 20 million square-foot campus on at least 1,000 acres — a location Gov. Scott Walker has dubbed “Wisconn Valley.” …
The Wisconsin facility is expected to employ 3,000 people initially and add up to 10,000 more workers in future years.
In addition to Gou, Trump and Walker, House Speaker Paul Ryan, R-Janesville, U.S. Sen. Ron Johnson, R-Oshkosh, and Vice President Mike Pence attended the announcement. Other members of the Wisconsin Congressional delegation, and state lawmakers, were there.
“Today we’re announcing the single largest economic development project in the history of Wisconsin,” Walker said, noting the plant would be 11 times the size of Lambeau Field. “These panels will be made in America, proudly in the state of Wisconsin.”
Ryan said the planned project is “an absolute game-changer” for southeastern Wisconsin, where his district lies. …
The plant is intended to be one of the largest manufacturing campuses in the world, according to Walker’s office, and could draw 10,000 construction jobs over the next four years while the plant is built.
Walker’s office projected the project would create at least 22,000 “indirect and induced jobs” throughout Wisconsin and will generate an estimated $181 million in state and local tax revenues annually, including $60 million in local property taxes. …