A $7 million plan to construct two water main projects in Mount Pleasant is slated to begin in January to support the Foxconn project, according to a press release by the Racine Water and Wastewater Utilities. Located in Mount Pleasant, the two utility projects include constructing a water main along the East Frontage Road of Interstate […]
Tag: Foxconn Technology Group
Posted inBreaking, Business, Government
Property owners living in wake of Foxconn told home could be condemned
Families living in the path of a proposed $10 billion Foxconn Technology Group facility have been approached by the Village of Mount Pleasant to acquire their property, and more than one family has found the process confusing and frustrating. Not only do they say they’re being see-sawed by government officials, but the Village may be […]
Posted inGovernment, Real Estate
Some in Foxconn development could lose homes through eminent domain
A number of residents living in the path of the Foxconn Technology Group development were frustrated with what they felt was a lack of information at an informational meeting in Mount Pleasant Wednesday night. The official location for the proposed $10 billion LCD display panel factory was announced Oct. 4. That was the first time […]
Posted inGovernment
Administrator: Foxconn could make event center bulletproof
With Foxconn Technology Group poised to build a 20 million-square-foot manufacturing facility in Mount Pleasant, the ripple effect it could have on the hotel and event center could make the project “bulletproof,” said city administrator Jim Palenick. More than 10,000 construction jobs and 3,000 permanent jobs are expected to be created over the next four […]
Posted inEmployment
Editorial: Making up with manufacturing
Plans for Wisconn Valley — anchored by a 20 million-square-foot manufacturing plant for Foxconn Technology Group — will change the region, but it’s also a sign of a bigger phenomenon. We are the cheap labor source compared to Japan, Mexico, Germany, Canada, and China. But that seems to be a largely self-created problem. We make more […]
Posted inBusiness, Employment
Foxconn informational sessions set
Learn more about Foxconn Technology Group plans to build a manufacturing campus at several informational sessions planned this month. Foxconn plans to build a 20 million-square-foot manufacturing facility to manufacture LCD screens in Mount Pleasant. Broken into three phases, the massive industrial complex will be located along Braun Road between 90th street and I-94 and represents a capital investment of […]
Posted inBreaking, Business, Employment
Foxconn To Announce Location Wednesday
Foxconn Technology Group is expected to announce the site of its $10 billion, 20-million-square-foot advanced display manufacturing campus at 11 a.m. Wednesday at the SC Johnson iMet Center, 2320 Renaissance Boulevard. The general footprint is expected to be in Mount Pleasant and Sturtevant. Governor Scott Walker signed a $3 billion 15-year tax incentive package in September to […]
Posted inBreaking, Real Estate
Investors Snatch Up 2 Caledonia Properties
Two large parcels of property in Caledonia changed hands on Friday, but the two investors that bought the properties have different views on how they want to use the land. Kenosha-based Pitts Brothers & Associates LLC sold a 63-acre parcel of land on the south side of Highway K near Interstate 94 to Butler-based Slinger […]
Posted inBusiness, Government
Mount Pleasant President Takes Trip To Japan, Tells Board After
The question of where Foxconn Technology Group will locate in Racine County burns in the belly of many in Mount Pleasant and a recent trip to Japan by village President Dave DeGroot is turning up the heat. DeGroot left last Monday morning for Osaka and came back Friday. He said the trip was strictly village […]
Posted inBusiness
County-wide Sales Tax Could Be On The Table For Foxconn
A sales tax is being discussed at the county level to help fund projects spurred on by a 20 million square foot manufacturing campus that Foxconn Technology Group wants to build. Racine County has the ability to tack on a half-percent local tax on top of the 5 percent sales tax. It is among a […]
Posted inBusiness, Government
Walker On Foxconn Bill Signing: Today Is One Of Those Days We Savor
Governor Scott Walker signed a $3 billion 15-year tax incentive package to establish Wisconnn Valley, which is where electronics manufacturer Foxconn Technology Group is expected to construct a $10 billion manufacturing campus. Hinged on Foxconn making capital expenditures and hiring employees at the plant, the tax incentive package is expected spur 10,000 construction jobs and […]
Posted inBreaking, Business, Government
UPDATE: Senate Passes $3 Billion Incentive Package for Foxconn
The Latest on Foxconn The Senate approved a $3 billion incentive package on a 20 million square foot manufacturing campus in southeast Wisconsin to lure Foxconn Technology Group to southeast Wisconsin. The Taiwanese-based company is a contract electronics manufacturer for a variety of industries, but it plans to make LCD screens in Wisconsin. Read more: Foxconn […]
Posted inBreaking
Requests Include Millions For Utility Expansion
A series of resolutions passed by the Racine Waterworks Commission Tuesday night included the possibility of spending millions to extend water service to Mount Pleasant and expand the Racine Wastewater Utility in anticipation of the growth expected along the Interstate 94 corridor. The expansion request, however, goes far beyond the proposal by Foxconn Technology Group […]
Posted inBusiness, Government
Senate To Take Up Foxconn Sept. 12
The Wisconsin State Senate is expected to vote Sept. 12 on a $3 billion incentive package to entice Foxconn Technology Group to build a 20 million square foot manufacturing campus in southeast Wisconsin. The Senate has made several amendments to the Assembly’s bill. Now the Assembly will need to approve the amended bill before it’s […]
Posted inBusiness
State Makes Millions Available For Small Business
With Foxconn Technology Group potentially bringing jobs to the area, the state hopes to help small businesses expand by making two state lending programs to help with expansion plans. Read about the Foxconn project. The state is making $11.1 million available to small businesses through the Wisconsin Housing and Economic Development Authority (WHEDA). Businesses in […]