Foxconn 'interested' in Dane County for 2nd Wisconsin location

Trevor Jackson
August 4, 2017

The CEO of Foxconn is Terry Gou.

Foxconn has pledged to build a massive $10 billion plant in either Racine or Kenosha counties, where it will manufacture LCD panels for flat-screen TVs.

President Donald Trump says electronics manufacturer Foxconn may end up making a $30 billion investment, triple what it's agreed to do in Wisconsin.

He said he has offered the company two field sites as well as a shuttered Oscar-Mayer plant in the city.

Foxconn hopes to open the plant by 2020 with 3,000 workers that could grow to 13,000 over six years.

Wisconsin Governor Scott Walker suggested Tuesday that Hon Hai is likely to commit to other investment projects in the state, according to another US media report.

Walker was joined at the Capitol by the South Korean ambassador to the United States, Ahn Ho-Young, to discuss business with Asia.

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That was just the beginning, the president told small-business leaders at a gathering at the White House on Tuesday.

"They're going to spend US$10 billion".

Madison Mayor Paul Soglin said during a news conference Thursday that Foxconn wants green field space for a facility that could employ as many as 600 people.

Though significant, the potential Dane County project is not expected to reach the staggering size of the one in Racine or Kenosha and likely would use existing economic development incentives without any legislative changes needed, sources said.

Foxconn did not immediately return an email seeking comment.

Tim Bartik, a senior economist at the Upjohn Institute for Employment Research in Kalamazoo, Mich., said that amounted to annual payments of $15,000 or more per job. Other states that Foxconn said it was looking at were Michigan, Illinois, Indiana, Ohio, Pennsylvania and Texas.

Ryan urged state lawmakers to approve an incentives package that Walker promised in order to bring Foxconn to the state.

Other reports by TheDailyFarc

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