Category: M7 Partnership

Gov. Evers Announces Advent Tool & Manufacturing to Relocate to Salem Lakes

7/8/2020

Company is latest to invest in Kenosha County

MADISON – Gov. Tony Evers today joined the owner and president of Advent Tool & Manufacturing, Inc., as well as local government and economic development officials, to announce that Advent is relocating its headquarters and production operation from Antioch (IL) to the new Salem Industrial Park, located in the Village of Salem Lakes.

“This is great news for the Village of Salem Lakes, and the entire southeast region of our state, and will bring new opportunities to our communities,” said Gov. Evers. “I want to thank Advent, WEDC, the Milwaukee 7, and all the local officials who helped make this a possibility. The partnerships and relationships these folks have been able to build, truly exemplify why Wisconsin is such a great place to live and work.”

Milwaukee 7 recognizes Racine County Economic Development Corporation with Excellence in Economic Development Award

1/29/2020

MILWAUKEE – The Milwaukee 7 Economic Development Partnership has recognized the Racine County Economic Development Corporation (RCEDC) with its inaugural Excellence in Economic Development Award, M7 officials announced on Wednesday.

The award, which recognizes outstanding economic development projects and partnerships that have contributed to the economic vitality of the Milwaukee Region, was presented during M7’s annual meeting at Northwestern Mutual’s headquarters in downtown Milwaukee. RCEDC President Greg Barron, Executive Director Jenny Trick and members of the RCEDC staff were present to accept the award.

“Racine County has been a valued and trusted M7 partner over the years, with a mission of connecting communities, facilitating jobs and growing businesses,” M7 co-chair Gale Klappa said. “We thank the team in Racine for all of its hard work and the exceptional contributions it is making to our region’s economic growth and prosperity.”

Foxconn: a work in progress – from MMAC President Tim Sheehy

1/31/2019

MMAC President Tim Sheehy

Yesterday you may have seen a number of news reports related to the Foxconn development, including: “Foxconn Reconsidering Plans to make LCD panels in Wisconsin.” This and other headlines related to Foxconn's plans understandably caught a lot of attention. As reported, some comments made by Louis Woo, Special Assistant to Foxconn Chairman Terry Gou, looked like a sharp deviation from what had been expected: “In terms of T.V., we have no place in the U.S., we can’t compete...”

Louis has communicated with me and stated in subsequent news reports that Foxconn has not shelved its commitment to invest in Wisconsin. He did note that due to the dynamics of their industry, the company is considering which thin-film-transistor technology to build in Wisconsin.

Milwaukee Tool plans $32M expansion, creating 350 new jobs

7/17/2018

Milwaukee Tool is expanding again in Brookfield, with plans to build a $32 million R&D facility - a project expected to create 350 new jobs.
The company has purchased a 3.5-acre site near its current facility that will house an advanced manufacturing research and development facility and office space. The 114,500-square foot, multi-story building is expected to be completed by late 2019.The company plans to create 350 jobs at the facility over the next five years - primarily engineering and software positions with an annual average salary of $75,000.

Foxconn groundbreaking shines global spotlight on Milwaukee Region's bright future

6/29/2018

The June 28 ceremonial groundbreaking for Foxconn's future 22-million-square-foot manufacturing and research campus included (from l to r): Governor Scott Walker, President Donald Trump, Foxconn Chairman Terry Gou, and House Speaker Paul Ryan in Mount Pleasant.

The team effort to win the project included the MMAC and Milwaukee 7 Economic Development Partnership (M7) together with key partners at state and federal levels. It is the largest economic development win in Wisconsin's history. The campus is expected to employ 13,000 workers, making Foxconn the largest private-sector employer in the state.

Also in this issue of the MMAC Insider eNewsletter:

Foxconn welcomes community to open house at Opus facility

>>View the full eNewsletter

Milwaukee 7 Venture Capital Fund announces first loans to local start-up firms

1/10/2018

The Milwaukee 7 Economic Development Partnership has announced the first round of loans to be awarded from its new Venture Capital Fund. The $1 million fund – supported with a $500,000 grant from the Wisconsin Economic Development Corporation’s Capital Catalyst Program that is matched by the Milwaukee Economic Development Corp. – provides loans and grants to early and growth stage companies. The fund targets seed-stage ventures in advanced manufacturing and other technology sectors, including graduates of local accelerator programs such as The BREW, WERCBench Labs, FaBCAP and Gener8tor.

The fund provides additional capital to emerging companies and second-stage start-ups in southeast Wisconsin for activities leading to investment readiness or revenue generation. The capital is intended to help companies achieve measurable business development milestones, such as feasibility assessments, product development and market validation... >>READ MORE

Pleasant Prairie plans to sell land to Haribo for $20.7 million

12/15/2017

Company planning $242 million production plant

Wes Sabber, Haribo of America chief financial officer, at the MMAC all-member meeting.

The Pleasant Prairie village board could approve the sale of 136.8 acres for $20.7 million to German gummy bear maker Haribo during its meeting Monday.

Haribo of America Manufacturing LLC announced plans earlier this year for a $242 million, 500,000-square-foot production facility in Pleasant Prairie.

The land sale is included on the agenda for the meeting on Monday, but the actual documents related to the sale were not included in the meeting documents. The agenda also includes a certified survey map dividing a large portion of the Prairie Highlands Corporate Park into two lots and two outlots... >>READ MORE

MMAC/Milwaukee 7 instrumental in recruiting Foxconn to MKE Region

7/31/2017

by TIM Sheehy

President of the MMAC

Rep. Adam Jarchow tweeted a photo after the White House press conference on July 26 announcing FoxConn coming to SE Wisconsin.
L to r: Terry Gou; FoxConn; Speaker Ryan; Pres. Trump; Gov. Walker; Sen. Johnson & VP Pence

After months of behind-the-scenes work supporting Gov. Scott Walker, his administration, and the Wisconsin Economic Development Corporation -- the MMAC and the Milwaukee 7 were proud to participate in last week's announcement at the White House and Milwaukee Art Museum to celebrate Foxconn's decision to make a significant investment in the region.

"Significant" is an understatement for the Foxconn Technology Group's plant, which 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 $11B, with almost half of that amount in state gross domestic product. Significant also in the one-time economic "shock" from a $10B capital investment to construct and equip the facility. Construction and equipment sourced in Wisconsin is estimated to be $5.7B, 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.