13000 jobs being created in WI largest job announcement in WI history Foxconn
Foxconn, one of the world’s largest electronics manufacturers, unveiled plans Wednesday to build a $10 billion factory in southeastern Wisconsin, delivering a much-needed win for President Trump and Gov. Scott Walker.
The new facility, which will make flat-screen displays, will be located in the congressional district of House Speaker Paul D. Ryan (R-Wis.) in one of the critical battleground states that propelled Trump to victory in November.
The move by Foxconn to open its first major factory in the United States is a break with global manufacturing trends over the past 30 years. Foxconn builds electronic gadgets for nearly every major technology company, including Apple, Google and Amazon.com, in massive factories in Asia, South America and Eastern Europe. But until now, it has had a very limited presence in developed countries where labor costs are higher.
The workers it hires at its Wisconsin facility would represent a tiny fraction of the company’s workforce of 1.2 million. And officials gave contradictory numbers on exactly how many jobs Foxconn was creating in the state.
Walker, a Republican who is facing a difficult reelection next year, said the investment would create 13,000 jobs, with an average pay of $53,000 plus benefits. But the company said that it would be hiring 3,000 workers over four years. It added that it could eventually hire more but did not provide further details.
The governor also said his state would offer $3 billion in economic incentives to seal the deal. The high cost drew criticism from Democrats lawmakers in Wisconsin.
The deal was announced in the East Room of the White House, reflecting its political importance for Trump and Walker. But Foxconn has made splashy job announcements in the past that have not quite panned out.
In 2013, the company earned headlines for a plan to invest $30 million and hire 500 workers for a new high-tech factory in central Pennsylvania. The state’s governor boasted about the deal. Economists wrote think pieces explaining how this was the leading edge of a U.S. manufacturing renaissance.
But once the attention died down and the politicians moved on, Foxconn never followed through with its plans in Pennsylvania.
Still, White House officials were ebullient about the deal. They stressed that Trump personally negotiated the deal with the chairman of the company, Terry Gou.
“I would see Terry, and I would say, ‘Terry, you have to give us one of these massive places you do great work with,’ ” Trump said, adding that he told Gou, “The American worker will not let you down.”
The high-profile announcement follows a pledge from Foxconn shortly after Trump was elected to invest at least $7 billion in the United States and create between 30,000 and 50,000 jobs.
Gou visited the White House in April to discuss the potential expansion with Trump. Foxconn also met with Jared Kushner, Trump’s son-in-law and a senior adviser to the president.