Gov. Scott Walker, a Foxconn Technology Group executive and the state’s leading economic development official will unveil “a major economic development” in Eau Claire on Monday.
Signals point to an announcement that Foxconn will open a facility of some sort in downtown Eau Claire.
On June 29, Walker and Foxconn Chairman Terry Gou traveled to downtown Green Bay, where they said the company would buy a six-story building and turn it into an innovation center Foxconn expects to house more than 200 employees.
Last week, speaking to an Eau Claire Area Chamber of Commerce luncheon, Walker mentioned the Green Bay development and told the group to “watch in the next week or two because something somewhat close to that might happen in Eau Claire,” the Leader-Telegram newspaper reported.
Meanwhile, a source said the suggestion that Foxconn is poised “to create a major presence in the downtown (Eau Claire) area probably would be a real accurate story.”
Taiwan-based electronics manufacturer Foxconn has begun site preparation work for a manufacturing campus in Racine County that the company has said will cost $10 billion and lead to the creation of 13,000 Wisconsin jobs. If the firm hits those targets, it stands to receive about $4 billion in public subsidies. Most of that money would come in the form of cash payments from the state. Read the full story here.