Foxconn Technology Group plans to have 125 employees in downtown Racine as part of a fourth innovation center the company is planning in Wisconsin.

Foxconn plans to purchase this building in downtown Racine to create an innovation center.

The company on Tuesday announced its plans to purchase the 46,000-square-foot One Main Centre building, located at 1 Main St. near the convergence of the Root River and Lake Michigan.

The building will be renamed as Foxconn Place Racine and will be home to the Wisconn Valley Innovation Center. It is one of four innovation centers Foxconn has announced around the state. The others are located in Green Bay, Eau Claire and at the company’s North American headquarters in Milwaukee. Read the full story here.