Transactions - JULY 31, 2017

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Taiwan company plans $10b Wisconsin campus

by Andrea Waitrovich

Taiwan-based Foxconn has plans to invest $10 billion in Wisconsin and create 13,000 jobs over six years with an average salary of almost $60,000 a year. In return, the state will provide a $3 billion incentives package and expedite permits.

Wisconsin Governor Scott Walker has called a special session of the legislature on Aug. 1 to consider a package of incentives to bring Foxconn to Wisconsin.

The Foxconn factory campus will require 20 million square feet of land, which the governor says will lead to jobs statewide, 12,000 new positions, 10,000 construction jobs and an additional 22,000 indirect jobs.

The campus is expected to open in 2020.

The massive project will be the Taiwanese electronics giant’s first factory outside of Asia to manufacture liquid crystal displays.


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