Foxconn Technology Group will bring up to 13,000 new jobs — 10,000 construction jobs and 3,000 permanent jobs. The project represents a $10 billion investment. In exchange, the state approved a $3 billion tax incentive package to lure the company to Wisconsin. The contract manufacturer wants to make Liquid Crystal Displays (LCDs) in southeast Wisconsin.
Once the contract is signed by the state and Foxconn, it will be made public, said Mark Maley, chief communications and public affairs director.
Sen. Van Wanggaard (R-Racine) said he believes the project will be transformational.
“I do believe this is going to give a lot of hope and encouragement,” Wanggaard said. “That means that anyone who wants the opportunity can have one and those that have left will come back. And those that were thinking about leaving will stay. This is going to put as the center of technology.”
Following the WEDC vote, Governor Scott Walker’s office issued a press notification that the agreement will be finalized on Friday.
Fisk Johnson, Chairman and CEO of SC Johnson, will host Governor Scott Walker, Foxconn Chairman Terry Gou, and Speaker Paul Ryan Friday afternoon at SC Johnson in Racine to sign a historic agreement between the State of Wisconsin and Foxconn Technology Group, the world’s largest electronics contract manufacturer.
Here’s how other media are covering the event. We’ll keep you posted on any changes.