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President Trump is scheduled to attend the opening ceremony of the afternoon for a $ 10 billion Foxconn industrial complex in Silicon Valley.
No, not Silicon Valley.
We Are Talking About The Emerging Ecosystem In and around Milwaukee, Wisconsin, where local civic boosters say that the international maker of electronic equipment and assembler iPhone brings 13,000 jobs and a $ 10 billion capital investment in the city. It is the largest state economic development project and, depending on the jobs, the largest business attraction project in the history of the United States.
Wisconsin is also the largest project in Wisconsin.
Here is a small fact sheet on the development of Foxconn and the high-tech flag plantations that are taking place these days in the middle of the American Dairyland
How big is this factory ?
The Foxconn campus will have an area of 20 million square feet, a space large enough to accommodate 11 Lambeau fields. The boosters say that it will become one of the largest manufacturing campuses in the world – eclipsing the global center of the new century in Chengdu, China; Tesla Giga factory in Sparks, Nevada; and Boeing's facilities in Everett, Washington
What kind of jobs will be created?
Foxconn specializes in the design, manufacture and assembly of computer products and high-tech electronic products. better known as the company that puts your iPhones together. The campus will employ up to 13,000 people, including engineers and other skilled workers. Foxconn says the average salary will be $ 53,875 a year plus benefits. When and if Foxconn created these 13,000 positions, its payroll will be estimated at $ 800 million a year. There will also be 10,000 construction jobs, Governor Scott Walker said.
Where is it built?
The complex will be located on approximately 1,200 acres of land near Interstate 94 in the Racine. Mount Pleasant County, a state-designated village of 26,000 inhabitants about 30 miles south of Milwaukee
What was the village known for?
Initially, Mount Pleasant was considered an agricultural pocket farmers plowed fertile soils along the western banks of the Root River where the original township was formed in 1842. It is now one the most vibrant communities of the state, with a strong manufacturing base and easy access to Milwaukee and Chicago and like the General Mitchell International Airport nearby
When will it open? ?
Hiring, licensing, planning and construction must begin immediately and
Foxconn plans to be operational by 2020 with the completed project from here 2021.
How does Wisconsin subsidize Foxconn's project?
Wisconsin provides up to $ 3 billion in incentives over 15 years including: income tax credits for job creation and credit facilities. # 39; state tax of $ 1.35 billion for capital expenditures; approximately $ 150 million for sales and use tax exemption. All tax credits are "pay as you grow," which means that Foxconn must create jobs and invest capital in Wisconsin before qualifying for tax incentives. Foxconn will only earn the most tax credits, $ 2.85 billion, after creating and maintaining 13,000 jobs and investing $ 9 billion. Similar to the construction of Milwaukee Bucks arena, Foxconn will be eligible for a holiday sales tax for the purchase of construction materials.
What will be unique about the next factory?
Foxconn creates the first liquid crystal display (LCD) manufacturing plant in North America and the only one on a global scale that is not located in Asia. LCDs are used in smart phones, TVs, computers, automatic dashboards and other devices.
Will the new factory release the screens of the iPhone
Foxconn owns the manufacturer of Sharp screens? iPhone screens as well as a large number of iPad screens. Some sources believe that Foxconn plans to provide iPhone screens from the Wisconsin factory after it's opened for business.
Are LCD Display Technologies Not a Species at Risk?
be relevant in a few years, with some skeptics saying that a plant like this could quickly become obsolete. "Certainly, Foxconn will have some work to do," says Rosemary Abowd, senior analyst and LCD panel expert at PMA Research, a UK-based company specializing in industry data from the United States. # 39; s display. S addressing the Wisconsin Policy Research Institute for an article entitled "FOXCONN DEAL: WHAT WILL MEANT THE FUTURE LCDS FOR WISCONSIN?"
So what does his future look like?
Abowd says Foxconn Technology Group, the world's largest contract electronics maker, has turned out to be a smart and agile company when it comes to scalable technologies like billboards LCD. But she points out that an LCD panel plant would face fierce competition from existing factories in Mexico, China, and elsewhere. "She adds, however, that Foxconn knows it and is probably working on technological and efficiency innovations that could give an advantage to the Wisconsin plant." They are not going to build a factory that works as we do. We have done, "says Abowd.
What is the broader political context surrounding the inauguration ceremony of today?
D & # 39; One side, proponents say the opening of the Foxconn plant is proof that the resumption of manufacturing fueled by Trump's "America First" policy is alive and well. On the other hand, the ceremony comes as a result of an announcement made this week by Harley-Davidson, that it is moving some of the production of motorcycles abroad to avoid tariffs. this creates anguish in Wisconsin – the bike manufacturer is located just up the road at E lwaukee in a state that Trump has barely won and where Republican governor Scott Walker is on the ballot in just over four months.
Will Trump attend a fundraising ceremony with Walker and other state and local leaders? Trump will participate in a fundraiser organized by Milwaukee's company executive Ted Kellner. Tickets start at $ 2,700 per couple and go up to $ 100,000 to be a host and take a photo with the president.
Is Foxconn present in the area next to the planned factory?
The giant recently purchased a building in downtown Milwaukee to house his North American headquarters as he prepares to build his new complex at Mount Pleasant. Foxconn has purchased Northwestern Mutual's seven-story building and says 500 people will be working at the head office. The building will also house what Foxconn describes as an "innovation center" to help startups and entrepreneurs develop applications for display hardware that the company is creating.
What's going on now?
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