Racine County leaders hailed Wednesday’s announcement from the electronics manufacturer Foxconn that it’ll build a manufacturing campus in Mount Pleasant as a historic moment for southeast Wisconsin.
A top Foxconn executive also promised that the news is not only about the $10 billion facility and 13,000 jobs that Foxconn is planning — but the additional $30 billion or so in investments from suppliers and other companies that would expand in the area.
“We are looking for partnerships. I think that’s where the excitement is,” said Louis Woo, the special assistant to Foxconn Chairman Terry Gou.
The announcement took place at the SC Johnson iMET Center in Sturtevant, a building owned by Gateway Technical College where at least two dozen Foxconn employees are already working.
Racine County Executive Jonathan Delagrave said the announcement was a “turning point in the history” of the county.
“I am thrilled and so very proud that an international company of Foxconn’s magnitude has chosen to invest in Racine County,” he said.
Delagrave also said that local officials will hold three informational sessions for residents, emphasizing that he wants citizens’ input as the process moves forward.
Mount Pleasant Village President David DeGroot, meanwhile, said the state’s investment will “pay for itself,” bringing in substantial revenues from the company, its suppliers and the economic growth that will spread to local retailers and restaurants.
He also thanked President Trump for following up on his “very bold promise” to bring manufacturing jobs to the U.S.
“Here’s what we have before us today: $10 billion of investment, 20 million square feet of industrial build-out, thousands and thousands of very well-paying jobs, increasing our middle class,” he said. “It’s everything that we can ask for, so I think it’s fair to say that he delivered on his promise.”
The Wisconsin Economic Development Corporation is finalizing the contract with Foxconn for WEDC board approval. Racine County and Mount Pleasant are also considering local incentives, beyond the $3 billion incentive package that Gov. Scott Walker signed into law last month.
See the announcement and details on the informational sessions:
See a website with more info on the project: