Foxconn Technology Group said Friday that it will buy a six-story building in downtown Green Bay and turn it into an innovation center the company expects will house “at least 200 high-tech jobs.”
Foxconn, which on Thursday formally broke ground on its planned $10 billion factory complex in Mount Pleasant, in Racine County, said it has agreed to buy the WaterMark building along the Fox River in Green Bay.
The 75,000-square-foot structure once housed an H.C. Prange and Younker’s department store.
Foxconn said it will close on the property soon and plans to open the innovation center by the end of the year.
Announcing the deal Friday in Green Bay were Foxconn CEO Terry Gou and Wisconsin Gov. Scott Walker. Read the full story here.