As Foxconn plans its formal groundbreaking in Racine County this week, it is appropriate to review the basics of this historic opportunity for Wisconsin. As one of the largest greenfield investments by a foreign-based company in U.S. history, Foxconn’s investment will create the first liquid crystal display (LCD) manufacturing facility in North America, and the only one outside of Asia.
The magnitude of Foxconn’s investment is best summarized in the numbers, which have not changed since the Wisconsin Economic Development’s (WEDC) contract was signed in early November. Foxconn’s $10 billion investment will create a 20-million-square-foot campus on 1,200 acres in Mount Pleasant. The four-year construction phase will create an estimated 10,000 jobs and 6,000 direct and indirect jobs.
We are already seeing the statewide benefits of Foxconn’s historic investment. Contractors in Dodge, Jackson, Marathon, Outagamie, Walworth and Wood counties are among those who received contracts for the first $100 million related to site preparation. The Wisconsin companies receiving these contracts are expected to directly or indirectly employ 800 workers from 60 of the state’s 72 counties. Read the full story here.