While the majority of the 13,000 jobs Foxconn Technology Group plans to create in Wisconsin would be in Racine County, a top company executive said Monday “several hundred” jobs could be in downtown Milwaukee.
“The majority of (the 13,000 jobs) will be on-site in Racine County within the (Foxconn campus development) zone,” said Alan Yeung, director of U.S. strategic initiatives for Foxconn. “But a great deal of that actually will be outside Racine and I would be remiss not to say that several hundred of them perhaps will be in Milwaukee related to our new headquarters building.”
Speaking at the monthly meeting of the Greater Milwaukee Committee, Yeung said Foxconn is close to announcing the closing of its deal to buy the 611 Building from Northwestern Mutual Life Insurance Co. The company announced its plans to acquire the building and establish its regional headquarters there in February.
Foxconn’s development agreement with Mount Pleasant and Racine County requires the majority of the 13,000 jobs be located there. The company’s contract with the state allows it to count jobs created anywhere in the state toward its payroll tax credits, so long as the positions benefit the manufacturing campus in Mount Pleasant. Read the full story here.