With 13,000 jobs and a capital investment of $10 billion, Foxconn’s investment in southeastern Wisconsin is by far the state’s largest economic development project and is the largest corporate attraction project in U.S. history as measured by jobs.
The project will be the largest greenfield investments by a foreign-based company in U.S. history as measured by jobs. With a floor area of 20 million sq. feet, the Foxconn campus will become one of the largest manufacturing campuses in the world — eclipsing the New Century Global Center in Chengdu, China, the Tesla Gigafactory in Sparks, Nevada, and the Boeing facility in Everett, Washington.
Foxconn’s investment will create the first liquid crystal display (LCD) manufacturing facility in North America and the only one globally that is not located in Asia.
Attracting this project would not have happened without the efficient and effective collaboration led by Gov. Walker, supported by the Wisconsin Economic Development Corp., in partnership with the MMAC and the Milwaukee 7, which played instrumental roles in the recruitment process. A number of local governmental organizations were also extremely responsive and engaged. The speed to act was a competitive advantage, driven by a team that was organized to work together, provide dedicated resources and respond quickly.
The new Foxconn plant is projected to support more than 35,000 jobs on an ongoing basis when fully operational. The impact on economic output is also significant, estimated at $7 billion annually. There will also be the one-time economic stimulus from a $10 billion capital investment to construct and equip the facility. Construction and equipment sourced in Wisconsin is estimated to be $5.7 billion, fueling 16,000 construction and related jobs over the four-year construction period. The 13,000 Foxconn workers are projected to earn an average base wage of $53,875, with benefits pushing total average compensation to $73,500.
Foxconn website & supplier opportunities
The State of Wisconsin has launched a new website - WisconnValley.wi.gov - to access the resources and information available regarding Foxconn. The new website includes:
Learn More About the Foxconn Project
>>Wisconsin launches website to connect companies with Foxconn
>>Foxconn in Wisconsin: Facts and Figures
>>Foxconn Fact Sheet: Economic Impact & Incentive Package
Customs, Culture & Connections: Establishing a successful relationship with Foxconn
At a recent MMAC event, speakers addressed ways to connect with Foxconn and the opportunities its ecosystem presents.
In the News
Northern Illinois county formulating 'Foxconn strategy'
Sept. 20, 2018 - ...Jim Paetsch, who helped recruit Foxconn to southeast Wisconsin, said in an interview with the Milwaukee Business Journal that Illinois would take a distant back seat to Wisconsin businesses when it comes to Foxconn. For example, the company has committed to $1.4 billion in annual supplier purchases from Wisconsin companies. >>MORE
Wisconsin manufacturers invited to supply chain workshops
SEPT. 12, 2018 – WEDC, in collaboration with WMC, Wisconsin Center for Manufacturing & Productivity, WMEP, and the state’s regional economic development organizations is hosting five informational workshops throughout the state on supply chain readiness. >>MORE
Foxconn to Adopt World-Class Water Recycling Technology at Wisconn Valley Science and Technology Park
As part of its long-term effort to protect the environment in Wisconsin, Foxconn Technology Group (Foxconn) today announced that it will voluntarily adopt a leading-edge water recycling system at the Wisconn Valley Science and Technology Park in Racine County.
Foxconn Package Returns $18 in Economic Impact for Every $1 in State Incentive
MMAC today released its analysis of the projected impact to Wisconsin’s gross domestic product (GDP) from the inc... >>MORE