With 13,000 jobs and a capital investment of $10 billion, Foxconn’s investment in 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 one of the largest greenfield investments by a foreign-based company in U.S. history, as measured by jobs. It will employ 13,000 workers with an average salary of $53,875 plus benefits. The project will also support 10,000 construction jobs over each of the next four years as well as 6,000 indirect jobs from the construction. On top of this, there are at least 22,000 indirect and induced jobs expected to be created throughout the state.
With a floor area of 20 million sq. feet, the Foxconn campus will be large enough to hold 11 Lambeau Fields. It will be located in Southeastern Wisconsin. 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.
Governor Scott Walker and Foxconn Founder and CEO Terry Gou signed a Memorandum of Understanding (MOU) at the Milwaukee Art Museum on July 27, 2017. The MOU was also signed by Wisconsin Economic Development Corporation CEO Mark Hogan and Special Assistant to the Chairman and CEO of Foxconn Louis K. Woo.
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August 16, 2017
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