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 Milwaukee 7 and the Metropolitan Milwaukee Association of Commerce, 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 and Supplier Opportunities
The State of Wisconsin has launched a new website, WisconnValley.wi.gov, to serve as a centralized location to access the resources and information available regarding Foxconn, the state's largest economic development project. The new website includes:
- An overview of the Foxconn project, including details of the project and answers to some frequently asked questions;
- News on the latest project updates and email sign-up for the Wisconn Valley News newsletter;
- Details on the Wisconsin Supply Chain Marketplace portal, which enables companies seeking to do business with Foxconn to register to get connected to the company;
- Sign up to be notified of bidding opportunities as the project progresses under the public construction info signup page; and
- Construction updates on the project itself, as well as nearby roads and highways.
The Milwaukee 7 continues to assist Foxconn in a number of areas, including supply chain sourcing as the company compiles potential suppliers for its new manufacturing plant that it plans to build in southeastern Wisconsin. As we receive requests for assistance in sourcing specific commodities/services, our goal is to present as many local vendors as possible that meet their requests. If you are interested in being a potential vendor, we are requesting the following:
- Create a profile on the Wisconsin Supply Chain Marketplace portal.
- Stay tuned for future emails from the M7 team as we continue to receive additional information on the best way to facilitate connections between Foxconn and local companies interested in doing business with Foxconn.
Please understand Foxconn has its own established supply chain and relationships in many areas of need and might not share all information or vendor needs with us.
Additionally, a subcommittee of the M7 Next Generation Manufacturing Council is convening supply chain professionals and academics to build a regional and statewide capacity to effectively manage an ongoing supply chain sourcing system to support business attraction and existing regional companies on an ongoing basis. The new Wisconsin Supply Chain Marketplace is an important piece of this system.
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