The Wisconsin Economic Development Corp.’s list of its 50 largest projects it supported in 2017 demonstrates one thing above all others: that Foxconn Technology Group’s massive plant in Mount Pleasant took precedence.
Foxconn intends to invest up to $10 billion on its manufacturing campus in Racine County, where it will produce LCD displays for customers like Apple Inc.Foxconn plans to have as many as 13,000 employees there.
The nearly $3 billion in tax credits the economic development agency awarded to Foxconn dwarfs all other awards from the agency in 2017, but that didn’t stop WEDC from providing millions of dollars in support to businesses wishing to expand, relocate to, or remain, in Wisconsin
After Foxconnn, Kwik Trip’s $21 million incentive package for its planned $309 million epansion project was second. That project is expected to create 300 jobs.
“Each of these companies plays a significant role in continuing to grow the state’s economy by creating family-supporting jobs and investing in Wisconsin,” said Mark Hogan, secretary and CEO of WEDC, the state’s lead economic development organization. “2017 was a successful year for WEDC as we assisted more than 300 businesses and communities as part of our mission to advance and maximize opportunities to help them thrive in a globally competitive environment.”
Read the full article (and view slideshow) here.