Wisconsin Governor Scott Walker, in close cooperation with the White House administration, signed a three billion dollar incentives package into law yesterday, opening the door for the manufacturing giant from Taiwan to start construction on a new plant which will create 13,000 high tech jobs in the US.
Governor Walker: "This is about far into the future. This is about ensuring our children and our children's children will have those kind, of really, generational-type opportunities. This is one of those things that's transformational."
The signing ceremony was held in Gateway Technical College in Racine County, where the plant, which Foxconn would like to open by 2020 (so just as Trump will run for re-election), likely will be located.
Foxconn will invest nearly 10 billion in a new flat-screen plant in the southeast of Wisconsin, though the precise location remains to be determined. The law provides a 150 million dollar exemptions for sales tax on the construction equipment that will be used and the Taiwanese manufacturer can build both in wetlands and waterways if this should be necessary given the size of the plant. Furthermore, Interstate 94, which will run near the plant’s site, will be improved for this reason.
Foxconn is mostly known as a provider of Apple material, but few people realize that it is the world’s largest electronics manufacturer as well and the largest private employer in China.
To be able to get such a company to come to Wisconsin and steal 13,000 jobs directly from competing economies is another big win for this administration. There will of course be the known criticism that too much was paid for this but in the end all that matters is: jobs, jobs and jobs. On that point, Trump is certainly living up to his promises with this one. Everyone in Racine County looking for a tech job in the next few years can only agree.