Foxconn Facts (water cooler ammunition)

posted by Jay Weber - 

Foxconn Facts

See below for more information on Gov. Walker’s reforms that have sparked Wisconsin’s comeback with businesses investment returning to the state through companies like Foxconn, and additional economic growth across the state that will help Wisconsin’s hard-working families win the 21st century:

With 13,000 jobs and a capital investment of up to $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.

Once the Foxconn complex is fully operational, it will employ 13,000 workers.

The jobs will have an average salary of $53,875, plus benefits.

In addition to the 13,000 jobs directly created by Foxconn, the project is expected to create tens of thousands of indirect and induced jobs throughout the state.

Wisconsin’s agreement with Foxconn includes “pay-as-you-grow” requirements that mean the state only awards tax incentives as Foxconn makes investments and creates jobs – no jobs and investments, no tax credits. The state also has clawback provisions to take tax incentives back if needed.

Contracts have been awarded to more than 60 Wisconsin subcontractors and suppliers across the state – involving workers in nearly every one of Wisconsin’s 72 counties.

The Foxconn Bonus continues with the company purchasing a six-story building in Green Bay for a new facility that is expected to create at least 200 high-tech jobs. In addition, another new expansion is on the way in Eau Claire that will create another 150 high-tech jobs – Foxconn’s impact continues to be felt around the state.


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