Foxconn Moving Ahead with Green Bay Innovation Center
Taiwan-based electronics manufacturer Foxconn Technology Group is moving ahead with plans to open an innovation center in Green Bay that could employ up to 200 people. The company is also poised to receive up to $4.5 billion in state and local tax incentives to build a major factory in southeastern Wisconsin. Another research-and-development center is planned for Eau Claire, along with a headquarters in Milwaukee.
Foxconn will see the full incentives package only if it creates 13,000 jobs. Tom Still, president of the Wisconsin Technology Council, said Foxconn will “have to meet capital-investment goals. They have to meet employment goals year by year by year over the course of a 15-year contract. If they do not produce 13,000 jobs and $10 billion in investment, well, they only get the tax credits that are commensurate with that,” Still said.
Still spoke at an event at the University of Wisconsin-Green Bay aimed at recruiting people to work at the company in the fields of developing glass-panel technology, semiconductors, medical imaging, high-speed communications, biochips and robotics.
The innovation center jobs would be included in the 13,000-job goal that Foxconn must reach in order to receive the incentives. Read the full story here.